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Consumer safeguards urged at APEC seminar

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REGULATORS must balance innovation and consumer protection to expand financial access, Securities and Exchange Commission (SEC) Commissioner Rogelio Quevedo said at an Asia-Pacific Economic Cooperation (APEC) seminar in China. Speaking at the Seminar on Financial Access and Opportunity for All on June 10 in Chengdu, Quevedo said regulatory certainty, market openness and strong safeguards were essential to achieving financial inclusion.“Financial inclusion cannot be achieved simply by increasing the number of market participants. It requires a regulatory environment that allows legitimate institutions to innovate and invest while ensuring that consumers are protected and treated fairly,” he said. The seminar, organized by…

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