European regulators defend global reforms

Author: Ashley Lee | Published: 22 Jan 2015

European regulators have refuted allegations that too much regulation has impeded global growth.

Recently both bankers and lawyers have become more vocal about their view that the growing number of global financial regulations is stifling sustainable economic growth. They believe that financial institutions have slowed lending, affecting the growth of the real economy, and question the effectiveness of the Basel III reforms in averting another...