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‘Blaming individuals is no substitute for acknowledging the failure of a system, of a certain type of banking’

Published: June 17 2009 20:39 | Last updated: June 17 2009 20:39

Text of the speech of Mervyn King, governor of the Bank of England at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London at the Mansion House on Wednesday 17 June 2009

My Lord Mayor, Mr Chancellor, My Lords, Ministers, Aldermen, Mr Recorder, Sheriffs, Ladies and Gentlemen,

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