Queen labels FSA "toothless"


The Telegraph reported that her Majesty made the comments during a visit to the Bank of England. 

It came as Suit Kapadia, one of the Bank's financial policy experts, criticised the City for becoming "complacent" and the financial system for having become too interconnected ahead of the crisis.

And the Queen responded: "People got a bit lax ... perhaps it was difficult to foresee.

"They [the FSA] didn't have the teeth."

Meanwhile, the Duke of Edinburgh added: "Don't do it again!"

Next year, the

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