More central banks should oversee financial stability – Zeti

Bank Negara Malaysia governor makes the case for giving central banks regulatory powers over financial markets

Zeti Akhtar Aziz at Bank Negara Malaysia
Zeti Akthar Aziz

Central banks should be given the power to regulate financial markets, Malaysia's central bank governor has said in an interview, arguing that their market expertise and grasp of economic dynamics make monetary authorities ideal guardians of financial stability.

How to structure supervisory and regulatory regimes has been the subject of hard-fought debates following the financial crisis, which led to widespread scrutiny of existing arrangements. National reforms since then have typically either

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