Sir Mervyn King
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Bank of England calls for audit of eurozone crisis

The Bank of England's new financial policy committee (FPC) has called for an audit of UK banks' exposure to the eurozone debt crisis.

The Bank's governor Sir Mervyn King said the debt problems of Greece and other countries posed "the most serious and immediate risk" to UK banks.

The FPC also called for banks to divert their profits towards building up their reserves against future losses.

Go to next video: King on FPC: 'Learning by doing'