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Klaas Knot, governor of the Dutch central bank and chair of the Financial Stability Board, has issued a stark warning to politicians about the dangers of neglecting financial regulation. He cautioned that a lack of focus on safeguarding the financial system could lead to a scenario where governments are forced to devise rescue plans for an economy in free fall. This warning comes amid increasing global resistance to measures aimed at enhancing financial safety.
Dutch central bank
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financial regulator warns of economic collapse without strong oversight
15:05 22.10.2024
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