“Amid signs that the bonus culture blamed for excessive risk-taking is creeping back in the City of London, the Chancellor declared in an interview with The Independent: ‘There are people who are too complacent in my view. They need to be brought back to earth.’ Mr Darling disclosed that he will try to end a damaging turf war between the Bank of England and the Financial Services Authority (FSA) by giving them both more powers in a White Paper on banking unveiled next week. He assured the Bank it will play a central role in preventing future booms turning into bubbles and in assessing risks to the entire system as well as individual banks.” (07/03/09)