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The Bank of England today is, of course, quite different from the institution depicted in this programme. In 1997, in the biggest shake-up of the bank's 300-year history, Gordon Brown, who was Chancellor of the Exchequer at the time, handed over responsibility for setting interest rates to the Bank of England.

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It effectively became independent of the government and accountable for the country's monetary and financial stability (in other words, regulation). It is now responsible for stable prices and confidence in the pound as well as detecting and reducing threats to the financial system as a whole. Meanwhile, the FSA (Financial Services Authority) is the body that was set up to monitor individual banks and the London Stock Exchange.

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