Zeti urges central banks to ‘call the shots' on financial regulation
Zeti Akthar Aziz, the governor of Bank Negara Malaysia (BNM), has made a forceful case for giving central banks the power to regulate financial markets, arguing their market expertise and grasp of economic dynamics make monetary authorities ideal guardians of financial stability.
How to structure supervisory and regulatory regimes has been the subject of hard-fought debates following the financial crisis, which led to widespread scrutiny of existing arrangements. National reforms since then have
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