FSA chairman: 'Tougher laws are needed'

The scandal over manipulating interest rates has put Barclays and possibly other banks under pressure and investigators from the Serious Fraud Office have been in talks with the body that regulates financial services, the FSA.

FSA chairman, Adair Turner, told BBC's Andrew Marr that the public are "justifiably angry" for what has been a "very black week for the reputation of British banking".

Mr Tuner added that tougher laws were needed to deal with some of the issues that have emerged over the past week.