Riksbank's Ingves on banking reforms

In the speech 'Banking reforms' given on 3 November Stefan Ingves of the Sveriges Riksbank said during the last twenty years, many countries have embarked on reforms of the banking and financial services industry.

"Such reforms provide obvious benefits in the form of a well functioning financial sector that better supports economic growth and financial stability," Ingves said.

"You need to retain some regulation and supervision but in more flexible and market-oriented forms than earlier. The

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