London partner Barney Reynolds, head of the firm's Financial Institutions Advisory & Financial Regulation Group, was quoted in a Financial Times article, "MPs and Bank square up over Square Mile." Reynolds said that the Bank of England's proposals to increase the discretionary power of the bank's governor was "an outdated and unacceptable form of regulation. He [Sir Mervyn King, Bank governor] doesn’t want to think up in advance what might or might not be the rules people should abide by, but wants the ability to come along and make them up after the event.”