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Bank of England's Bailey warns against deregulation, stressing strong oversight is vital for financial stability.
Bank of England Governor Andrew Bailey warned against loosening financial regulations, stressing that complacency from fading memories of the 2008 crisis could jeopardize stability.
Speaking in Amsterdam, he rejected claims that post-crisis rules hinder growth, emphasizing that strong oversight remains vital as the financial system evolves, particularly with the expanding role of non-bank institutions.
His remarks come amid calls from Finance Minister Rachel Reeves for deregulation to boost investment, a push Bailey opposes, citing risks to long-term economic health and central bank independence.
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Bailey, del Banco de Inglaterra, advierte contra la desregulación, subrayando que una fuerte supervisión es vital para la estabilidad financiera.