Nationalisation of Northern Rock in the event that the takeover bids fail. On 12 January 2008, the Treasury recruited Ron Sandler, the former Lloyd's of London Chief Executive, to lead Northern Rock, in the event that the bank was nationalised. If the Bank was to be temporarily nationalised, the government would manage the Bank at "arm's length" on a commercial basis, where services for savers and borrowers would not be affected and the company would continue to operate as normal. However nationalisation would also address the future of the Northern Rock Foundation. Alistair Darling rejected the possibility of the Bank being put into administration.
Government of Russia of Russia, which exercises executive power. But, the President does appoint the Prime Minister. The Chapter 6 of the Constitution of Russia says, that "The Government of the Russian Federation consists of the Chairman of the Government of the Russian Federation (Prime Minister), Deputy Chairman of the Government of the Russian Federation and federal ministries". After the fall of the Soviet Union, the Russian Council of Ministers had become the main executive body. At some points it contained over 69 state committees, 16–17 ministers, 5 federal services, and over 46 governmental agencies. After the 2004 reform, government duties were split