MAS chairman speaks at Citigroup anniversary celebrations, urges regulators to move away from structural reform

23 August 2012 | 2 minutes read

Monetary Authority of Singapore’s chairman, Tharman Shanmugaratnam believes that regulators and financiers worldwide are overemphasizing structural reforms to manage systemic risks saying he would prefer to see a change in culture and supervision setting the stage for a safer banking system. “These are important questions of structure, but I think we risk an overemphasis on structure and an inadequate focus…

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