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Andrew Bailey: Regulation is not hampering growth
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Andrew Bailey: Regulation is not hampering growth
Bank of England governor Andrew Bailey has warned of the dangers associated with paring back financial regulation, in a speech in which he also denied that the abundance of red tape foisted on the financial sector after the Great Financial Crash had impeded economic activity. Addressing the Klass Knot Farewell Symposium, Bailey, who was recently made chair of the Financial Stability Board, argued that even as the “pro-cyclical tide” turns toward…
·London, United Kingdom
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