this with the United States, where there has been a full scale Congressional Commission (which subpoenaed hundreds of pages of documents) and a Senate investigation into finance. This led to charges and settlements with bankers Goldman Sachs and J P Morgan and further inquiries into the roles of the credit rating agencies.
So far, the only major player to argue that such a tribunal is necessary is the former Chancellor, Alistair Darling, in a soon-to-be published book. As the person at the helm during much of the financial crisis, Darling has more reason that most to want a non-partisan inquiry which can be trusted.
One of the oddest aspects of these events is the willingness of the authorities to place the cart before the horse. The normal process in government is to have an inquiry and then propose reforms.
In the case of banking, the shakeup of the regulatory systems, giving the Bank of England prudential