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:
More top news
-
Merkel set to win fourth term as German chancellor
Exit polls show Merkel is likely to remain as chancellor but a far-right anti-migrant group is set to enter Parliament for the first time.
-
Seven terror attacks thwarted since March, Khan says
Police have foiled seven terror attacks since the Westminster atrocity in March, London Mayor Sadiq Khan has revealed.
-
Police rescue hikers 'unable to walk from cannabis use'
Cumbria Police have been forced to rescue a group of hikers from a mountain who were unable to walk after consuming cannabis.