• Industry: Financial Services, Banking
  • Type: Publication series
  • Date: 5/29/2013

Moving On 

We need to strike a balance between regulation and its impact on the wider economy. We need to re-focus on the importance of credit, trade finance and the management of risk by corporates for economic growth, international trade and development. Financial institutions, users of financial services, politicians and regulators all need to address this agenda. All stakeholders have a role to play in achieving a better outcome. This paper focuses on some of the issues that need to be addressed by the three key constituencies – financial institutions, investors and end-users and regulators and politicians.

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In the Moving (PDF 1.1MB) on publication, the priority of many governments and regulators since the financial crisis – particularly in the US and Europe – has been first and foremost to make the financial system safe.

However, the waves of regulatory reforms seem to have taken economies beyond the 'tipping point' – the costs of ever more regulation have begun to exceed the benefits. Regulatory reforms have exercised a substantial drag on economic growth, while their impact on the safety of the financial system remains uncertain.



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