Is Brown still committed to a light touch?

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From the FT this morning:

But there are still big differences between Paris and London about the lessons to draw from the crisis and a fear in the Elys?©e that Mr Brown, the UK prime minister, is still committed to preserving a light-touch regulatory regime for the City of London.

French officials say the strongest message that should come out of the Washington meeting on November 15 would be a broad commitment from the US, the UK and other European countries to abandon competition between regulatory systems in favour of convergence. But they acknowledge this is unlikely.

Surely Brown has learned by now that light touch = Washington consensus = failure and that convergence = Keynesian = stability = sustainable growth?

Or am I asking to much?