Mervyn King, the governor of the Bank of England, will assume responsibility for the stability of the financial system and control of the credit cycle, while retaining power to set interest rates.

英格兰银行行长默文金，将会在保持设定利率权力的同时，为了金融体系的稳定而承担责任，并且控制信贷周期。

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Four months after the collapse of Iceland's entire financial system, no one has accepted any responsibility.

在冰岛金融体系崩溃4个月后，没有人愿意为之承担责任。

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Establish the financial system of transferring payment with clear responsibility, insure the social equality.

建立责任清晰的财政转移支付制度，保障起码的社会公平。

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He said the "tripartite" system of financial regulation - in which responsibility was divided between the Treasury, the Bank of England and the FSA - had "failed us in war and in peace" and told MPs the government's Financial Services Bill would toughen regulation.

BBC: Osborne: Bank's misconduct risked UK's reputation

It said this could help restore public confidence in the financial sector and the system whereby the Bank of England, the Treasury and the Financial Services Authority share regulatory responsibility.

BBC: RELATED BBC SITES

Medvedev had indicated that Cyprus was the responsibility of the EU but Black said that if the Cypriot financial system collapsed the losses Russia would be exposed to would be far greater than the loan it had already extended to Cyprus.

CNN: What is being proposed in Cyprus?