United Kingdom

Details

  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 14/10/2013

Getting Regulation Right 

 
Getting Regulation Right
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This publication focuses on the cumulative impact of regulatory change on the wider economy – in particular, economic growth.

 

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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