The governor of the Bank of England has called for greater powers to allow it to fulfil its new role of promoting financial stability.
In a major speech in London, Mervyn King said the Bank could no longer act "like a church" whose congregation "ignores its sermons".
His remarks appeared to be at odds with those made earlier by the chancellor.
Alistair Darling told the same event he had no plans for fundamental changes to the current system of regulation.
The speeches came as the US government announced a major reform of banking regulation to prevent future financial crises.
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At a time when we should be doing away with the central robber banks they are going to get More powers!
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