Norway’s Gulbrandsen: benefits of regulation outweigh costs
Kristin Gulbrandsen, the executive director of financial stability at the Norges Bank, on 15 September said the net social benefits of having tighter regulation would outweigh the long term costs of lax regulation.
"On the one hand are the costs that tighter regulation will entail for banks and borrowers. Tighter regulation will normally limit the supply of credit and make it slightly more expensive, which may result in somewhat slower economic growth. On the other hand are the costs that a
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