The Banker
February 5, 2025 at 10:44 AM
📝 UK chancellor Rachel Reeves has made it clear: regulation must support, not stifle, growth. Speaking last week, she reiterated that overregulation is holding back the economy and called on regulators to propose reforms that will drive expansion.
🌍 The banking sector has long argued that regulation hampers competitiveness. UK Finance highlights key areas for improvement: global regulatory alignment, attracting global talent, reforming bank taxation, and better infrastructure. But while regulators the FCA and PRA support a pro-growth agenda, they caution against unintended risks.
⚖️ Striking the right balance is crucial. While post-2008 reforms strengthened stability, some argue they have become overly restrictive. Can the UK recalibrate its regulatory framework to foster both resilience and growth?
*Read more here:* https://on.ft.com/40KRpFZ