This will put an end to the much-criticised "tripartite" arrangement under which the Bank, the Treasury and the Financial Services Authority all had equal responsibility for financial stability.
BBC: MPs pass Finance Services Bill at second reading
2.
But Wednesday's security breach - the most serious in living memory - is certain to spark calls for this ancient arrangement to be brought to an end, in favour of something more modern.
BBC: Protesters were within inches of frontbench
3.
Under his concept, they would buy active ETF shares based on end-of-day net-asset-value prices the same arrangement used to price shares of regular mutual funds.