The UK's financial crisis was, by common consent, partly caused by poor regulation. Some of us would contend that it was far more a question of lack of implementation than the regulations themselves. In other words, poor regulators, rather than a shortage of regulation. 

Who better then to make a dispassionate and independent report on the financial crisis than the chief regulator himself: Adair Turner? The report weighs in at 122 pages. The FSA was able to respond to this report the very same day with 215 pages. If this were not coincidence enough, the FSA was able to agree fully with the Turner Report, with Turner being Chairman of the FSA yet another coincidence.

The main finding, which coincides with Gordon Brown's view, is that little if any of this can be blamed on the UK: the international community is at fault. In short, no one should be criticised, it is just a string of coincidences.