MAS chief on financial risk and innovation

Ten years on from the Asian financial crisis, Heng Swee Keat, managing director, of Monetary Authority Of Singapore, opened the first annual Risk Management Institute Research Conference.

"Our challenge, as a regulator," he said "is to allow financial intermediation and innovation, as well as capital flows, to take place, while ensuring that appropriate risk management practices at the different levels are in place." He added: "

We adopt a risk-focused supervisory approach, one that is responsive

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