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Bank of England's Bailey Says Deregulation Can Be Bad for Growth

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Bank of England Governor Andrew Bailey has warned politicians against slashing regulation for the sake of it, saying there is "no trade-off" between growth and financial stability.
The article from MSN Money discusses comments made by Andrew Bailey, the Governor of the Bank of England, at a conference in Sintra, Portugal. Bailey highlighted the potential negative impacts of deregulation on economic growth, cautioning against the assumption that less regulation automatically leads to better economic outcomes. He pointed out that while some regulations might be burdensome, deregulation could lead to financial instability, which in turn could harm economic growth. Bailey emphasized the need for a balanced approach to regulation, ensuring financial stability while not stifling innovation or economic activity. He also touched on the importance of adapting regulations to new financial technologies and the evolving economic landscape, suggesting that regulation should be smart and targeted rather than overly restrictive or lax.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/financial-regulation/bank-of-england-s-bailey-says-deregulation-can-be-bad-for-growth/ar-AA1yP4Li ]