Singapore governor says financial regulation would benefit from ‘fine tuning’

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The governor of the Monetary Authority of Singapore (MAS) has said financial regulation would benefit from some “fine-tuning” to avoid “pendulum swings” that could undermine financial stability. Speaking in Washington on April 20, Ravi Menon highlighted the gains the financial industry has made, thanks to increased regulation in the wake of the financial crisis. However, Menon also noted there is room for fine-tuning in order to further strengthen the global financial system. “Regulatory p