Greatest risk to financial resilience is regulation failure
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Singapore
FAILURE of regulation poses the greatest risk to financial systems, while cooperation among regulators would help to mitigate risks, said former Reserve Bank of India governor Duvvuri Subbarao.
Regulators fail, not because they are incompetent, negligent or stupid but for reasons beyond their control, said the former central banker on Monday at a debate on balancing opportunities and risk for finance.
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