Innovation needed for growth, say regulators

Regulators speaking at the second day of the Asian Financial Forum yesterday highlighted the need for a balance between added regulation and permitting more innovation.

“During the last 20 years, the combined forces of finance and innovation have played a major role in the development of our economies – let's not forget that,” said Emil Paulis, director of financial services policy and financial markets at the European Commission in Brussels. “Financial innovation is largely responsible for

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