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The view from Singapore

The general counsel at the Monetary Authority of Singapore, the central bank and financial regulator, on emerging challenges and opportunities.

Duckbucks: The Monetary Authority of Singapore (MAS) is organized in a unique way, combining regulation and innovation. Is this effectively a balancing act between regulation and deregulation?

Paul Yuen: MAS is indeed established as a central bank and integrated financial supervisor that also performs a developmental role. This has given us the capacity to look at issues from different vantage points, enabling us to better appreciate the benefits and risks of any activity in the financial industry and how the risks can
be mitigated.

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Author

  • Paul Yuen is General Counsel at the Monetary Authority of Singapore (MAS). He oversees legal matters and the Legal Department’s support to all departments in discharging the functions of the institution, including by advising on issues emanating from MAS’ role as a central bank and financial regulator. Previously, Mr. Yuen served as the Executive Director of the Market Conduct Department and Corporate Finance & Consumer Department, as Chief Executive Officer at the Institute of Banking and Finance, and as Head of the Strategic Development Division in the Development Group in MAS. Mr. Yuen graduated from the National University of Singapore and is an advocate and solicitor of the Supreme Court of Singapore. 

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