Former financial stability adviser returns to Bank

Alastair Clark, a former executive director at the Bank of England, is to rejoin the Bank to advise Mervyn King, the governor, on financial stability.

The Bank said: "Given the amount of extra work generated in recent weeks Alastair Clark has agreed to come back as a part-time adviser to the governor."

Clark is to work for the Bank in a part time capacity advising King on the current banking crisis.

Clark, who worked at the Bank of England for 36 years before retiring in April this year, was

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