Bailey Rejects Deregulation Calls, Renews Push for Coordinated AI Oversight

Bank of England Governor Andrew Bailey on July 15 defended post-crisis capital rules as stability tools and called for international agreement on advanced AI models, one day after Conservative leader Kemi Badenoch described the regulatory burden as excessive.

Bank of England Governor Andrew Bailey on July 15 rejected broad calls to ease financial rules, stating that effective requirements support stability and long-term growth. He framed the measures as necessary protections rather than obstacles to activity.

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