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False choice between growth and regulation

"Sir, Caroline Binham’s report “FCA sets out plans to streamline debt issuance” (April 28) points out the importance of developing capital markets in the UK. However, the Financial Conduct Authority and the Treasury seem insufficiently aware that sustainable market-based finance and economic growth require robust regulation that protects investors and markets while preventing catastrophic crashes like that of 2008."

"Without that, investor confidence and, therefore, investment in capital markets will remain low and the markets will not succeed".

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Read the full Financial Times Letter to the Editor by Dennis Kelleher here

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