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Ravi Menon: global financial market is facing liquidity and Internet risks
2015-06-26 17:05


Shanghai, June 26- The two-day Lujiazui Forum 2015 kicked off this morning, Ravi Menon, Managing Director from Monetary Authority of Singapore gave a keynote speech at the 2nd plenary session. He points out two big trends existing in current global financial market: one is the market liquidity risk, the other is the Internet risk.

“Our financial system, through reforms, becomes safer and stronger,” said Ravi,“but the reforms are not finished yet, which include OTC derivatives, regulation of global systemically important banks and withdrawing mechanism especially concerning cross-border issues.

Besides, we also need to pay attention to new risks including market liquidity risks as well as Internet risks which we haven’t notice until recently.(Eastday/Jiang Wenran)