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.
Executive of the 5th Northern Ireland Assembly Executive of the 5th Northern Ireland Assembly The Fourth Executive was, under the terms of the Northern Ireland Act 1998, a power-sharing coalition. Following the 6 May 2016 elections to the fifth Northern Ireland Assembly, the Democratic Unionist Party and Sinn Féin remained the two largest parties in the Assembly. Notably for the first time in the assembly's history, parties entitled to seats on the executive could instead opt to go into formal opposition. The UUP, SDLP and Alliance all took up this option, leaving the DUP and Sinn Féin to form a government. The 4th Northern Ireland Executive was