(MENAFN – Caribbean News Global) By David Stallibrass
We recognize gaps in our understanding and are working with the research community to find data to support economic growth.
The Financial Conduct Authority (FCA) aims to aid economic growth through trusted markets, reducing financial crime, accessible consumer products, and fostering competition.
Last year, Parliament defined a new goal for the FCA: to promote growth and competitiveness. The need for UK institutions to collaborate on this has only increased.
Yet, there is no consensus on how financial services regulation should support growth. Should we prioritize consumer protections for confidence, reduce industry regulations, or find a balance? Should we focus on market integrity or innovate with riskier options? Should we encourage efficient capital allocation while deterring speculation?
Additionally, what role does regulation play alone, given the influence of other authorities and factors like demographics and climate change?
Our literature review highlights areas for future research
This review explores known connections between financial services regulation and economic growth, outlining existing research and questions we wish were answered. Our goal is to foster growth and guide policy decisions.
We invite collaboration from the research community
We’ve researched links between capital markets and growth and are looking to cooperate with researchers to fill knowledge gaps. We plan to hold a competition for academics and research institutions to propose actionable recommendations.
We welcome insights on overlooked research and other pertinent questions.
- David Stallibrass, Duty Chief Economist
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