UK bankers call for global review of credit crunch

The British Bankers' Association (BBA), the trade body for the finance industry in the UK, has said that a worldwide regulatory review would help markets weather the credit crunch.

Angela Knight, the chief executive of the BBA, said: "No single factor was responsible for the panic that we saw (at Northern Rock) last month. But the architects of the UK system of tripartite regulation have questions to answer and the international financial community has clear lessons it can learn from the mist

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