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clipped from
Asian countries must not let their guard down while there are possible risks to their economies, the chief of the Monetary Authority of Singapore (MAS) warned yesterday.
Mr Heng cited the example of how the surge in capital flows into this region will have to be efficiently managed so that they do not pose a risk to financial stability.
'Indeed, it is in times of apparent tranquility that we need to look for the potential risk areas and plan for contingencies,' he pointed out, noting that investors are aware that the current benign global environment of low inflation, low risk premiums and low volatility in financial markets has been unusually long.