It is the broad language of the law, and that of Title VII of the 1964 Civil Rights Act, which has dragged the courtintocoming up with rules of its own to interpret what Congress meant.
Pressure is now coming from within the BOE: Its Court has ordered a much-needed review into its liquidity operations while Andrew Bailey, executive director for banking supervision, last week broke ranks to warn publicly of the risks of over-cautious regulation to the wider economy.