The National Transitional Council is now recognised by Britain as the sole governmental authority for Libya.
But since the Bank will take over bank supervision in Britain from the Financial Services Authority (FSA), Mr King's stance is deeply controversial.
On January 31st the Financial Services Authority, Britain's financial regulator, relaxed insurers' solvency requirements for the fourth time in 17 months to break the vicious circle.
Howard Davies, chairman of the Financial Services Authority, Britain's big new financial watchdog, added his voice to criticism of the proposed mergers between accountancy firms that will reduce the world's Big Six to the Big Four.
The proposed legislation is modeled after laws in Britain, where the Advertising Standards Authority monitors companies for egregious acts of Photoshopping.
What is clear is that the outcome matters a lot for pensions in Britain, as the regulator's authority is put to the test for the first time.
In Britain, the Financial Services Authority has been given veto power over the nominees to big bank boards.
Gateshead Council said it believed it was the first authority in mainland Britain to experiment with bollards to protect bus lanes.
The Financial Services Authority, Britain's all-purpose financial regulator, approved that deal.
In Britain, the Financial Services Authority tightly regulates soft commissions.
But the about-turn on three-month money made it look inconsistent, and the Northern Rock affair has damaged its public standing, even if the government and the Financial Services Authority, Britain's banking supervisor, were also at fault.
Since 1841, the year China ceded Hong Kong to Britain, ultimate authority has been vested in an appointed British Governor acting for the Crown.
But Britain cannot act with the same authority as the United States.
"Tony Blair's unprecedented second landslide, after a campaign in which no-one could doubt the main parties' positions on Europe, gives the government precisely the authority it needs to lead a great national debate about Britain's future in Europe, " Mr Taylor said.
Robert Cheesman, who chairs the South Downs Society, said he was looking forward to helping the authority protect a "very special part of Britain".
Mr Levitt says he is sick of hearing about the strengths of Britain's Financial Services Authority.
The Treasury resisted the temptation to propose a single super-regulator along the lines of Britain's Financial Services Authority, leaving itself open to criticism that turf wars will persist.
In nine out of the 10 burger samples, the horse DNA was found at very low levels, the authority said, but in one sample from Tesco, Britain's largest retailer, the horsemeat accounted for about 29% of the burger.
Mr Walsh's patience with what he saw as foot-dragging by Britain's regulator, the Civil Aviation Authority (CAA), was at its limit.
In settlements with the Financial Services Authority (FSA) in Britain and America's Department of Justice, Barclays accepted that its traders had manipulated rates on hundreds of occasions.
ECONOMIST: A scandal over key interest rates is about to go global
The Financial Services Authority (FSA), Britain's financial regulator, has also been busy, issuing new proposals on the management of liquidity by banks (including branches of foreign institutions) in its domain.
This week Britain's Advertising Standards Authority slapped the government for its infantile advertisements.
Britain's financial supervisory authority changed the rules concerning indirect cash-settled options stakes earlier this month, requiring disclosure on a par with direct stakes.
But Britain's giant financial regulator, the Financial Services Authority (FSA), is lining up with the Americans indeed, it has gone even further than they have.
When Britain, the colonial power, left Nigeria, it handed authority not to traditional rulers, who were viewed as having some legitimacy, but to doctors, lawyers and the horde of literate hustlers who did well in the British bureaucracy and the British army and now make up Nigeria's ruling class.
But in Britain, freemasons have worked hard to stay on the right side of authority, enlisting members of the aristocracy and royal family as protectors.
The firm's takeover of Harcourt has yet to clear Britain's competition authority.
Britain's Financial Services Authority recommended improvements to its oversight of the banking industry after the collapse of Northern Rock , a mortgage lender stricken by the credit crisis and later nationalised.
The likes of Adair Turner or Sheila Bair, heads of Britain's Financial Services Authority and America's Federal Deposit Insurance Corporation respectively, at least say what they think.
In Britain academies, also free from local-authority control, were pioneered by the last Labour government.
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