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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.

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Prince Philip warns bankers 'don't do it again'

The Queen suggested today that the City regulator, the FSA, had been too lax and toothless in the run up to the financial crisis in 2008.

Prince Philip, who accompanied the Queen to the Bank of England, warned bankers not to let the crisis happen again.

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