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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Singapore GIC sees risk of financial industry over-regulation

Posted on 13 October 2008

From Nasdaq.com: Over-regulation could stifle the financial system in the wake of the global credit crunch, said Tony Tan, deputy chairman and executive director of the Government of Singapore Investment Corp., or GIC, a sovereign wealth fund.

State intervention is needed to safeguard public funds and prevent a recurrence of these events. “Finding the right balance between needed regulation and over-regulation will be a challenge,” he said….. Full Article: Source


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