Darling says central banks must help markets

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Darling also said a fall in the oil price on Monday should be seen as a positive development, but warned that financial regulators and institutions would have to tighten up their systems to ensure the risk of future banking crises was reduced.

"We need to take action internationally, and we are," he told BBC radio. "It means that central banks need to help - and yesterday you saw right across the world the American Fed(eral Reserve), the ECB, our own Bank of England and Japan, all intervening."

(Reporting by Kate Kelland. Editing by Matt Falloon)