Investors are underestimating global risks, MAS warns

SINGAPORE (Oct 26): Investors are underestimating risks to the global economy as they drive stock markets to record highs, Singapore’s central bank chief warned.

While economic growth across many parts of the world has improved, there’s no time for authorities to be complacent, Ravi Menon, managing director of the Monetary Authority of Singapore, said in an interview on Tuesday.

“The markets have been amazingly resilient to episodes of risks,” Menon told Bloomberg Television’s Haslinda Amin. “There has been hardly a response to some of the risks that have been manifesting, so I do think those risks are being underestimated. Excessive exuberance is always, in and of itself, cause for concern.”

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