Through the fence
Globalisation is forcing co-operation between the regulatory authorities in Asian countries. By
Financial watchdogs in Asia are being forced to co-operate with their foreign counterparts as market globalisation gains momentum. The battle to remain as relevant and as effective as possible means that regulators increasingly have to look beyond their national boundaries for guidance and inspiration.
“International co-operation is a very important task [for financial regulators],” says Oh Hong-Suk, Seoul-based head of international relations at South Korea’s Financial Supervisory Service (FSS)
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