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2025-02-11 17:36:01 UTC

tzongocu on Nostr: 📰 News Alert: 🔖 Title: Andrew Bailey warns against watering down City ...

📰 News Alert:
🔖 Title: Andrew Bailey warns against watering down City regulations in pursuit of growth
🗓️ Published: Tue, 11 Feb 2025 17:18:33 GMT
📄 Summary: Bank of England governor Andrew Bailey emphasized that there is no trade-off between economic growth and financial stability, cautioning against relaxing City regulations post-2008 banking crash. This stance comes amid Chancellor Rachel Reeves's efforts to ease constraints, with Bailey highlighting the importance of maintaining regulatory standards for long-term stability.
🔗 https://www.theguardian.com/business/2025/feb/11/andrew-bailey-warns-against-watering-down-city-regulations-in-pursuit-of-growth
🗞️ Source: Business | The Guardian
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