Darling at Labour conference

MANCHESTER (Reuters) - Below are highlights from chancellor Alistair Darling's speech to the Labour Party's annual conference and from earlier television interviews.

SPEECH

"You know global capitalism has gone crazy when George Bush nationalises the commanding heights of the U.S. economy on Wall Street and the richest football club in the world is Manchester City."

"Mistakes and problems in the mortgage markets in the United States have spready right across the world, weakening financial institutions and the financial system, spreading into the wider economy."

"It's clear we have to put in place measures to stop problems being repeated. It is clearer than ever markets can't do this on their own."

"We are putting in place, both here and in the United Kingdom and internationally, the tougher financial regulation no one can doubt that we need.

"That's why I will introduce a new banking reform bill in the Commons in a fortnight. We are also going to put in place measures to give added protection to savers."

"I have asked the chairman of the FSA to review urgently what we need to improve the system."

"It's not a question of light-touch regulation against heavy-handed regulation. It's about effective regulation."