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

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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