The crisis in the money markets has returned and banks are holding on to liquidity, according to Vincent Chaigneau, head of interest strategy & currency strategy at Societe Generale. CNBC's Stephane Pedrazzi reports.   The current high level of Libor tightened credit conditions in the U.K. at a time when the Bank of England is expected to ease interest rates. CNBC's Ross Westgate speaks to Michael Taylor, senior economist at Lombard Street Research, for more.   The recent market turmoil has prompted demands for a deeper review of the way the financial markets operate. CNBC's Ross Westgate and Padraic Fallon, chairman of Euromoney Institutional Investments, discuss the credit markets.   Permalink