BoE’s Cunliffe warns of risks to loosening ‘regulatory straitjacket’
Regulators should be careful when fine-tuning
Regulators should be cautious as they take stock of macro-prudential regulation established since the crisis, Jon Cunliffe, the Bank of England's (BoE) deputy governor for financial stability said on July 28.
The BoE is looking to assess where regulations may overlap or have gone too far, and Cunliffe said this was likely to be a debate that is "widespread internationally". He added: "We should accept that the complex, interlocking set of reforms of recent years will need fine-tuning and
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