The key Q. on the regulations of financial services is this:
Was the finical crisis of 2008 an anomaly or does it reflect structural problems with banking?
If the former, then after 15 years you might agree with UK Finance (a lobbying group) that regulation needs to be rolled back to 'support' growth (they certainly have Rachel Reeves' ear).
If the latter, then loosening regulation on financial services heightens the risk of another crisis & more damage to the UK economy
#economics
h/t FT
Emeritus Prof Christopher May
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2025-03-17 07:01:12 UTC
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