Bank of England's Bailey speaks on financial stability, says no trade offs in regulation

  • Comments from the Bank of England leader don't touch on monetary policy or the outlook
BOE Bailey 07-08

The Bank of England leader didn't talk about the economy in today's speech and instead spoke about regulation:

  • I push back at the line of argument that the post-crisis financial regulation caused a fall in productivity growth be restricting business investment
  • There are no trade offs between financial stability and objectives like growth and competitiveness

I'll monitor to see if he says anything market moving.

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