On this week’s agenda: the OFT and EU competition commissions get in each other’s way – but there’s still a shortage of candidates for Bank of England governor Hurry, hurry. Time is running out to dust off your CV and submit your application to be the next governor of the Bank of England, with the deadline falling at 8.30am in eight days’ time, 8 October. That will leave many City hopefuls spending the week desperately trying to avoid getting embroiled in some sort of Libor-rigging, money-laundering or sanction-busting scandal – a method of selection that the Treasury has found to be a far more effective way of cutting down the longlist than simply interviewing candidates. Some other imaginative soul may yet find another way of persuading Paddy Power to lengthen its odds, although Mark Carney’s innovative idea of getting himself unmasked as a foreigner doesn’t seem to have worked: the governor of the Bank of Canada has seen his price shorten from 6-1 at the start of the month to 11-2, largely on gossip that he’s still the Treasury’s favoured pick. Meanwhile, deputy governor (and bookies’ favourite) Paul Tucker will this week do his bit once again for the Bank’s set-aside policy – Threadneedle Street’s variant of the EU system of paying farmers to do sweet Fanny Adams, also occasionally known as the monetary policy committee.

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