In a recent article, Warwick Business School professor John Thanassoulis explores the tension between financial stability and economic growth in modern banking regulation and how that impacts regulatory competition between countries.
In the aftermath of the 2008 financial crisis, regulators tightened oversight to reduce risky banking practices. However, Thanassoulis observes a recent shift as governments urge regulators to prioritize growth and attract international banks. "How onerous regulation is for a bank is a choice," he explains, noting that financial authorities can adjust regulatory and supervisory stringency to compete globally.
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