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World

Rachel Reeves can’t ‘regulate for growth’

28 January 2025

11:21 PM

28 January 2025

11:21 PM

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are under pressure to reduce red tape in the financial sector. “We’ve told our regulators they need to regulate for growth, not just for risk,” the Chancellor Rachel Reeves has said. But the idea that tweaking regulations will somehow unlock growth is a fallacy.

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