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flag Bank of England's Bailey warns against deregulation, stressing strong oversight is vital for financial stability.

flag Bank of England Governor Andrew Bailey warned against loosening financial regulations, stressing that complacency from fading memories of the 2008 crisis could jeopardize stability. flag 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. flag 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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