SINGAPORE (Nov 12): A decade on from the last global financial crisis, the global economy is facing a new suite of cross-border risks. This includes ballooning debt in emerging economies, brought on by fiscal expansion in the aftermath of the crisis, and which is now exposed to a strengthening US dollar and rising interest rates. As such, there is a need for better coordination among financial regulators across the markets to manage the cross-border risks, says Ravi Menon, managing director of the Monetary Authority of Singapore.

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