...and Howard's end

Sir Howard Davies, who leaves the UK's Financial Services Authority at the end of this week to take up the job of head of the London School of Economics, sensibly ducks questions about whether he wanted to be governor of the Bank of England. In his latest interview with the house magazine of the Securities Institute, however, he vouchsafes that he actually applied for the LSE job in August 2002. Mervyn King's appointment was publicly announced in December of that year, but may have been dec