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Global Market: BoE governor calls for balanced banking rules, rejects deregulation push
Bank of England Governor Andrew Bailey pushed back against broad calls for deregulation, arguing that effective financial rules are essential for maintaining stability and supporting long-term economic growth. He also renewed his call for greater international cooperation on regulating advanced AI models, warning that the technology's cross-border risks require coordinated oversight.
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independent.co.uk
Bailey: City red tape should ‘flush out’ excessive bank profits but not cap them
Andrew Bailey told City bosses that arguing for less regulation was ‘unhelpfully reductive’.
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cityam.com
Bank of England governor opens door to ‘simplifying’ financial rulebook
The Bank of England governor distanced himself from calls to cap profits on banks and financial institutions
