LONDON, Oct 14: Calling for tough measures to restore self-confidence and assurance in the international banking system, Prime Minister Gordon Brown warned that without proper supervision the banking sector would once again slide into chaos.

Addressing a news conference at the Foreign Press Association on Tuesday, a confident-looking Brown underlined the need for international co-operation to deal with the issue in an effective manner.

On Monday, the British government had partly nationalised a number of UK banks facing meltdown paying in all £37 billion for the right to have a decisive say in the policy management of the recipient banks.

Mr. Brown called for the institution of transparency, international accounting standards, stabilising insurance markets, and tackling the conflict of interest and integrity in the system to restore the confidence of the people.

He called for sound banking system combined with adequate protection mechanism and stronger cooperation among the nations to avoid future global crisis of this nature.

The British prime minister was of the view that countries with enough skills and advance technology will be able to come out of the present crisis but other countries face a hard journey to recovery.

He said a growing world population with need for more food and other resources have aggravated the problem and contributed to the current crisis.

He said he would continue to be engaged with the world leaders, who have started adopting the measures taken by UK to help their own financial organisations.

Brown further noted that unless the global financial markets were properly supervised, these sorts of problems would continue to erupt from time to time.