Menon's Global Cyber Crisis of 2023 shows regulator's job is never done

SINGAPORE (June 26): While central banks and financial regulators have gotten better at managing traditional risks such as credit and market risk, cyber risk will move to the forefront of the regulatory agenda within the next 20 years, said Ravi Menon, Managing Director, Monetary Authority of Singapore.

Menon said this in his keynote address Financial Regulation – 20 Years after the Global Financial Crisis at Symposium on Asian Banking and Finance Federal Reserve Bank of San Francisco, on Monday.

Taking the audience on a journey into the future, Menon said the post-Global Financial Crisis reforms had left the world in 2028 with a financial system which was more robust and more resilient.

---

Related Stories

• Revolut launches Revolut Business in S’pore, first market in Asia
• Why the sentiment has changed for once hot fintechs
• Asia Pacific saw largest y-o-y decline in fintech funding in 1Q2024: S&P Global Market Intelligence

---