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Uploaded on Oct 13, 2008
Oct. 13, 2008. Speaking at Thomson Reuters' editorial headquarters, UK Prime Minister Gordon Brown called for "a new financial architecture for the global age".
Brown said: "This crisis demonstrates beyond doubt that a global capital market requires much stronger global cooperation and supervision. And we need to ensure that we have an effective global early warning system to alert us across continents to economic and financial risk."
His speech came after the UK government announced it would spend up to 37 billion pounds to buy shares in major British banks to help resolve the global financial crisis. Several governments have said they will make similar moves.