Alistair Darling on the 'scariest' moment of the financial crash

Regulators must remain "very very" vigilant about the risks to the economy, former chancellor Lord Darling has said - 10 years on from the start of the financial crisis.

He told the Today programme a rising level of consumer debt in the economy was a growing concern.

Looking back on the financial crisis, Mr Darling said the "scariest" moment was when RBS called to tell him they would run out of money that afternoon.