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Financial industry can only benefit from strong regulation, FSB chair says

( October 22, 2024, 15:22 GMT | Official Statement) -- MLex Summary: Strong banking and financial regulation is in the best interest of financial markets participants, Financial Stability Board chair Klaas Knot said today. Financial regulation is an "enabler of sustainable, long-term growth" he said, adding that globally implemented regulation strengthens international financial stability, levels the playing field and enhances the confidence of market participants. "Strong regulation is not a constraint on the financial industry, it is an asset," Knot said at an event in New York.Speech follows. ...

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