Queen blames 'toothless' FSA
The Queen has suggested the financial crisis in 2008 was partly caused by "complacency" in the City and that the regulator the Financial Services Authority "didn't have any teeth" to deal with the biggest risk-takers.
FSA: Queen was right about our role in the financial crisis
The City watchdog, the Financial Services Authority, has responded to the Queen's comments that it "didn't have any teeth" to deal with the financial crisis in 2008:
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