Page last updated at 22:10 GMT, Wednesday, 17 June 2009 23:10 UK

Darling blames boardrooms for crisis

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Chancellor Alistair Darling has said he does not plan fundamental reform of the system that regulates UK financial institutions.

In his address to the City of London, he said the real problems were in the boardrooms, with too many people not understanding the risks they were taking on.

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