| 单词 | financial deregulation |
| 释义 | financial deregulation The removal or relaxation of regulations affecting the type of business financial firms may undertake, the type of firms permitted to deal in particular markets, or the terms on which dealing is allowed. Financial deregulation has been fashionable in recent years in many countries. Regulations which have been relaxed include controls on the interest rates at which banks can lend or borrow, controls on operations by banks outside their country of registration, and restrictions on the types of business particular financial institutions can transact. Deregulation has been favoured as leading to more competition and efficiency gains, but is open to criticism where it exposes people to risks which through lack of experience they may fail to understand. |
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