Differentiating between healthy dairy-based or juice products and unhealthy ones, from the position of a regulator, is difficult.

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Such an agreement would keep financial products and banks under the same regulator, a position supported by the Financial Services Roundtable, an industry group whose members include heavyweights like Bank of America, Citigroup and Nationwide.

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The complaint was rejected by Ofcom, with the regulator supporting ITV's position that editing "had not taken place".

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The company was prevented from writing new business in the UK last month after the regulator expressed concerns about the financial position of the company, particularly in relation to its solvency.

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The Office of Fair Trading (OFT) and Ofcom (the consumer watchdog and media regulator) are in a somewhat delicate position as they already approved the deal along competition law lines.

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Now it just so happens that that will be a three-year appointment and it comes to an end at about the same time as the period of the regulator, of Tom Windsor's position.

BBC: News Online

Two others, Martin Wolf, the Financial Times' chief economics rottweiler, and Clare Spottiswoode, a former utility regulator, are said to be more provocative but not yet obviously wedded to any position.

ECONOMIST: British banks