KUALA LUMPUR: Over-regulation can result in “unintended effects” in the overall development of the financial markets, said Norman Loayza, director of the World Development Report.
“Regulations (carried out) with originally good intentions can also result in poor results. It is really a science and an art to regulate a sophisticated area as the financial markets. There should be a lot of prudence as to how (regulation) is conducted,” Norman said at a seminar.
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