The former Co-op bank chairman faces five investigations. But by the time the City watchdog's inquiry reports the row may be all forgotten.
David Cameron says his economic plan is "on track" despite a Bank of England admission that interest rates could rise sooner than expected.
The Governor's message that "it’s not enough just to have a recovery in London and South East” is welcome given the imbalances across the UK
The new Bank of England governor, Mark Carney, has expressed his concern about the lack of new homes being built in the UK citing that there is a strong demand among would-be buyers to get on the property ladder.
It is hoped that strategic decisions made now to try to control mortgage lending will avoid the need for severe and drastic policy actions to be taken if there is a boom-bust in the property market.
Mortgage approvals are running at levels not seen since Northern Rock was nationalised in February 2008.
– The new Bank of England governor Mark Carney speaking in an interview with the Guardian
The right way to do policy - to protect against the boom and bust cycles - is to act early in a graduated, proportionate way and that reduces the probability of having to act in a bigger way later.
Homeowners must sort themselves out to pay their mortgages if interest rates rise because they will not be guaranteed a helping hand, Bank of England governor Mark Carney has warned.
He urged would-be homeowners to think of "the debts you are taking on" and being able to repay a 25 year or 30 year mortgage rather than relying on the value of the house price increasing.
He told the Guardian: "Are you going to be able to service that mortgage five years from now, 10 years from now, if interest rates are higher?
"Or are you counting, even subconsciously, on the price of your house keeping going up and if something happens an ability to sell it quickly and not facing the consequences of not being able to pay?"
Bank of England governor Mark Carney has rebutted claims by coalition ministers that it has the power to "turn off" the flagship Help to Buy initiative, amid fears the scheme could lead to an unsustainable housing bubble.
In a letter to Andrew Tyrie, chairman of the Treasury Select Committee, Mr Carney confirmed that the Bank's Financial Policy Committee (FPC) "does not have a veto on the scheme", though it can make recommendations on it.
The governor of the Bank of England has admitted that people should not expect their wages to rise in real terms until mid-2014 at the earliest despite the growing economy.
Mark Carney told Channel 4 News: "I think some - not everybody across the country is feeling this, without question".
"There's still a million more people out of work than were in work prior to the crisis... but what is happening is 60,000 jobs per month, new jobs, are being created, most of those in the private sector, most of those full-time. And that's real work, real people".
Mr Carney acknowledged that real wages "are not picking up, they haven't been for a number of years".
Asked if he would be prepared to raise interest rates before the General Election, Mr Carney replied, "Well, absolutely."
"The unemployment rate has fallen a little more than expected in August," Bank of England governor Mark Carney said, "and that is to be welcomed."
He said there was a "2 in 5 chance" of the unemployment rate reaching the 7% threshold by the end of next year.
At that point, the Bank of England Monetary Police Committee will consider changes to quantitative easing and interest rates.
The Bank of England has upgraded its growth forecast for 2013 from 1.4% to 1.6% and for 2014 from 2.5% to 2.8%.
Governor Mark Carney said "the recovery has finally taken hold".
The governor of the Bank of England has described a series of energy price rises announced by four of the Big Six electricity and gas suppliers as higher than expected.
When asked about the tariff hikes, Mark Carney acknowledged that they were "significant" and came "on the heels of other increases".
Meanwhile, Mr Carney also said banks will be able to access cheap finance from the Bank of England even after current initiatives to stimulate lending have come to an end, under a new framework set out by him.