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Singapore touted as capital markets model for developing nations

Bloomberg
Bloomberg11/15/2019 05:44 PM GMT+08  • 2 min read
Singapore touted as capital markets model for developing nations
(Nov 15): Singapore is turning out to be a model of capital-market development for some countries in the Middle East and Africa, according to Michael Piwowar, former commissioner at the US Securities and Exchange Commission.
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(Nov 15): Singapore is turning out to be a model of capital-market development for some countries in the Middle East and Africa, according to Michael Piwowar, former commissioner at the US Securities and Exchange Commission.

The city-state’s legal and institutional framework offers a good example for some developing markets, particularly because it isn’t over-regulated like the US, Piwowar said in an interview on the sidelines of Singapore’s annual fintech festival on Wednesday.

The Southeast Asian nation is also being noticed for how it promotes financial technology in a “responsible” way while allowing for innovation, he added.

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