The UK's financial regulator, the Financial Conduct Authority (FCA), is set to implement changes aimed at promoting economic growth by simplifying mortgage lending rules. This follows a series of discussions among regulators and stakeholders about the need for looser regulations to stimulate the housing market and overall economic activity. The FCA has expressed its commitment to take greater risks in its regulatory approach, which includes potentially easing mortgage rules that could benefit first-time buyers. However, there are concerns that such measures could lead to adverse effects reminiscent of the 2008 subprime crisis, including rising housing prices and the creation of housing bubbles. The regulator's focus on growth comes amid warnings from various financial experts about the implications of reduced regulation on financial stability.