European Union's financial watchdogs are raising concerns that scaling back regulations could lead to another crisis, the Financial Times reported, citing Dominique Laboureix, head of the Single Resolution Board, and Frank Elderson, vice-chair of the European Central Bank's supervisory board.
Lamoureux told the media outlet that easing financial protections could make markets more volatile and weaken economic growth. He pointed to the 2008 financial crisis as a reminder of the risks, stressing that while regulation could be simplified, core safeguards must remain in place.
Elderson echoed these concerns, emphasizing that strong oversight is necessary to prevent past mistakes from repeating.
