MAS’s Menon dismisses Asian regulatory arbitrage opportunity
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), on Wednesday dismissed suggestions that Asian countries planned to implement lax regulations on over-the-counter derivatives to attract foreign investment.
At the second Pan-Asian Regulatory Summit in Singapore, Menon said: "There has been a notion in some quarters that as tighter regulations are proposed for OTC derivatives in the US and European Union, activity will flow to centres in Asia that are purportedly less
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