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2:13pm, Thu 13 Dec 2012 Queen blames 'toothless' FSA

Queen tours vault where gold bars worth billions are stored

Last updated Mon 25 Feb 2013

The Queen and Duke of Edinburgh were surrounded by shelves of gold during their trip to the Bank of England today — The Queen and Duke of Edinburgh were surrounded by shelves of gold during their trip to the Bank of England today Credit: PA Wire

It is a rare glimpse inside the vault in the City of London - the gold bars weigh thousands of tonnes — It is a rare glimpse inside the vault in the City of London - the gold bars weigh thousands of tonnes Credit: PA Wire

The Queen and Duke toured row upon row of the bars — The Queen and Duke toured row upon row of the bars Credit: PA Wire

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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