BOE's Breeden Says Relaxing Bank Regulations Could Boost Growth.

Deputy Governor Sarah Breeden of the Bank of England has suggested that relaxing financial regulations could help boost economic growth. She emphasized the importance of maintaining a resilient banking system while also considering opportunities to increase growth without undermining financial stability. Breeden mentioned potential adjustments to UK pensions rules and lending rules for small and medium-sized businesses as areas where regulation could be altered to encourage growth. She also highlighted the need for intervention when disruptions occur. [Extracted from the article]