Klarna CEO: FTX Blowup May Lead to Over-Regulation
November 14, 2022
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1:54Now PlayingKlarna CEO: FTX Blowup May Lead to Over-Regulation
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as posted by the channelKlarna Chief Executive Officer Sebastian Siemiatkowski says the collapse of FTX.com may encourage finance sector regulation that will make it harder for fintech firms to compete against traditional lenders. “I’m a little bit concerned that these debacles that we’ve seen will again inhibit that and continuously prolong the overly large profitability that we’ve seen in the banking industry,” Siemiatkowski said on "Bloomberg Markets: European Open."
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