Nine years on from the 2008 financial crisis, regulators are now entering a new phase, one that requires them to take stock of the reforms implemented so far and position themselves for the technological changes sweeping the financial industry, said Monetary Authority of Singapore managing director Ravi Menon.

Mr Menon, speaking on Thursday (April 20) at a lecture in Washington, D.C., said regulators must now evaluate the effects of the regulations that have been set out over the past eight years, consolidate what we need to preserve, and fine-tune what we need to improve.