Britain’s new coalition government may come up with a better approach to financial reform than the Liberal-Democrats and Conservative¬† partners would do invididually, and any compromise “will go further and faster” than the ousted Labour government,¬† The Economist writes.

The magazine approvingly notes the first compromise, in which the Conservatives dropped the idea of abolishing the Financial Services Authority and instead agreed to retain the agency while making the Bank of England the protector of long-term financial stability.