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Lord Hill: Less legislation but no repeals

Friday, April 17, 2015 - 01:39

April 17 - European Commissioner for Financial Stability tells Reuters there will be less new legislation in the future, and more focus on bedding-in reforms. But he won’t push-back against existing rules.

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Regulation only when necessary you just said let's new regulation. Fine. Until we expect you to actually. Push back against some of the regulations and we expect you to tip to pop the global regulation trend. Had to tell to tell problem it's not going to be. Yeah I I don't mean in terms of what I would do on regulation yes as you correctly identified let's new regulation in future. Yes in terms of how we go about the regulation we do need to do. To be as proportionate as possible in terms of legislation that has already been passed we look at this again. Say in all of those areas in towns all. Will not push back tees you phrase against those standards. I'm someone who by nature would want to. Trying to. But what through these issues with people together but I think what happens. You know when you've had a big financial crisis you get a collective reaction to that financial crisis. Which then leads to a collective raking it treat response. My view is that we are moving into a new things and that we need to think. More acute sleep now that the immediate signs of the crisis have a patent. About the impact of the regulation that would pouncing on jobs and growth. And yes that is a debate that I Wu I want to have we've international regulators. And in or four.

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Lord Hill: Less legislation but no repeals

Friday, April 17, 2015 - 01:39