Beware loosening of UK financial rules in growth push, BOE's Bailey cautions
By Sofia Gerace ( October 3, 2025, 15:35 GMT | Insight) -- Cutting financial red tape in a bid to boost economic growth needs to be done with caution and an understanding of why regulations are there in the first place, the governor of the Bank of England said. Regulation “probably does go in cycles” and the UK government's current simplification drive follows years of post-financial crisis tightening of the rules, Andrew Bailey told an audience.The governor of the Bank of England has reiterated his warning against cutting financial red tape in the name of boosting economic growth....
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