In the US the acronym NIH is primarily linked to the
National Institutes of Health. But it has a darker meaning too.
Last week my managing editor and I sat blank faced when a US
lawyer in London passed comment on prospective covered bond
legislation. "Even if it goes through, it is most likely to
suffer from NIH syndrome," he said. NIH? We were at a loss, but
soon we were put out of our ignorance: "Not Invented Here."
The term entered the public consciousness in the US...