DEREGULATION

deregulation,n.  The  reduction  or  elimination  of  governmental  control  of  business,  esp.  to

permit free markets and competition. — deregulate,vb.

financial  deregulation.The  lessening  of  governmental  oversight  and  intervention  in  the

business of financial institutions. • Among other effects, regulation of financial contracts is relaxed

and competition for depositors and borrowers increases. [Blacks Law 8th]