Asia needs bigger voice in international financial rule-making

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Asian regulators need to participate more on international forums and put forward regional agendas more persuasively to reduce the risk of marginalising the needs of local financial markets, according to leading regulators from the region. Regulators from Malaysia, Australia and Dubai were speaking at the Asian Financial Forum in Hong Kong, where they stressed the need for harmonisation of international rules that take into account the stage of development of member jurisdictions. Ranjit Ajit