Crisis calls for more active regulation : MAS head


Central banks must take a more active approach to regulating financial institutions, including focusing on their business models and strategies, Heng Swee Keat, the managing director of the Monetary Authority of Singapore, told CentralBanking journal.

In an exclusive interview, Heng says: "Policymakers may also need to play a more active role in judging whether innovations in systemically important markets facilitate the allocation of capital for productive use or merely create additional

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