Belfast Telegraph

Regulator: free trade and open markets key to growth

By Ben Woods

A commitment to free trade, open markets and a global standard of regulation would enable countries to blaze a trail towards stronger economic growth, according to the boss of Britain's financial regulator.

Andrew Bailey of the Financial Conduct Authority (FCA) has urged countries to back free trade and open markets by adopting a broader regulatory framework for smoother access to global markets.

In a speech at the Economic Council Financial Markets Policy Conference in Berlin, Mr Bailey said such action would be "a step in the right direction at a time when the openness of the world economy is more under threat".

He added: "We are at a very important point in terms of how we can best deploy public policies to support economic growth. Free trade and open markets remain in my view the best approach to secure stronger growth."

Belfast Telegraph