“This is a global problem. It needs global solutions. There is a global banking collapse that we are dealing with. If we could have the same standards and the same rules that we are about to apply in the USA and in Britain to apply to other countries around the world, the same standards of disclosure and accountability and remuneration, I think the confidence in the banking system will be restored.”
For some reason he didn’t say the phrase about the problem “which started in America”. He did however ignore the questioner* who asked him would he apologise.
*Guido is sometimes harsh on Nick Robinson, but that was a blinder, Gordon looked winded as if punched in the solar plexus. We can but dream….