Bank governor warns of risks of cutting regulation in bid for growth

Bank governor warns of risks of cutting regulation in bid for growth

Andrew Bailey said in a speech in Amsterdam he can see evidence that there is a ‘risk of history showing signs of repeating itself’.

Bailey Warns Against UK’s Push for Deregulation Amid Growth Plans

Andrew Bailey, Governor of the Bank of England, has underscored the critical role of robust financial regulation in safeguarding economic stability, delivering a pointed message amid the UK government’s push for deregulation. Speaking at the Klass Knot Farewell Symposium, Bailey dismissed the notion that post-crisis financial regulation has stifled economic growth, arguing that there is no… Source