… Britain could have been stricter in its supervision of financial markets, but defended his response to the global financial crisis. "We should have been tougher in some areas," he tells the BBC.
"But …". This is a politician talking, so there's always a "but".
".... there is a whole series of issues where you needed international cooperation because you are dealing essentially with global financial flows and you cannot solve that problem unless you have the kind of international supervision that I think you'll admit I've been pressing for 10 years."
So that's alright then! Not my fault, guv!