MAS’s Menon stresses importance of fintech regulation timing
Fintech needs regulating, but regulation should must not “front-run” innovation, says MAS managing director
The managing director of the Monetary Authority of Singapore (MAS) has said there is a need for financial technology (fintech) regulation, but introducing it too soon could “stifle” innovation.
Speaking in Australia on March 20, Ravi Menon outlined how the fintech industry was changing the way the banking system was operating, from distributed ledger technology to artificial intelligence.
“We need to develop novel approaches in regulation and supervision that will promote the safe and
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