MAS draws clear line to prevent shadow banking

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Ravi Menon says the central bank wants to level the playing field between banks and fintechs from the perspective of risk, and calibrate the rules by the fintech's scale of operations.
OCTOBER 11, 2018 - 2:33 PM

Singapore

EVEN as the Monetary Authority of Singapore (MAS) is welcoming of fintech players, it will draw a clear line to prevent shadow banking from emerging from payment startups.

In an exclusive interview, the managing director of MAS Ravi Menon told The Business Times that...

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