Emerging markets must be wary of new products

Many emerging-market economies are ill-equipped to deal with the new wave of financial instruments, Jihad Alwazir, the governor of the Palestine Monetary Authority said.

"Even with the adoption of reforms and new legal and regulatory systems, many emerging market economies are still ill-equipped - technically, legally and in [terms of] qualified human resources - to handle the ever changing and constantly adapting [nature of new] financial instruments," Alwazir said.

Regulators lacked insight

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