He was asked a number of times whether he would do what McCain is doing, suspend his campaign and pull his ads off the air.

NPR: McCain Suspends Campaign; Obama Responds

As he has in a number of his past addresses, the official again affirmed what be believes is the primacy of rules-based policy making, directed mainly at currents taking place in the economy, and not markets.

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"The real problem, I believe, is that he has failed to focus with sufficient rigour on what he repeatedly declared to be his number one priority, " Mr Woodhead writes in The Daily Telegraph.

BBC: Woodhead savages Labour's policies

His investigations have focused upon a limited number of arcane practices, however, what he has uncovered is pervasive disregard for investors.

FORBES: The Great Mutual Fund Clean Up That Almost Happened (April 4, 2004 )