Merion is the Head of the Capital Markets Policy Division at the Monetary Authority of Singapore (MAS) responsible for wholesale financial markets and market infrastructure policies. She also leads the Financial Asset Tokenisation working group under the IOSCO Fintech Task Force which has a mandate to develop, oversee and deliver IOSCO’s regulatory agenda on Fintech.
Prior to her current role, she was an internal auditor at the MAS covering reserve management and currency operations and IT functions, and supervised capital markets and investment intermediaries.
Merion was awarded the Public Administration Medal (Bronze) in 2017.
Roundtable Room 1, Ground Floor
Open
In recent years, the function of popular cryptocurrencies has shifted. While originally designed as payment instruments, they are nowadays more frequently used as highly volatile investment objects by a variety of investors including retail investors. While a BIS Working Paper showed that between 2015 and 2022 an estimated 73-81% of retail investors have likely lost money on their initial investment in Bitcoin, recent reviews by IOSCO and FSB found that investor protection is still underdeveloped in this area.
This raises the question how and to what extent investors, especially retail investors, must be protected. Starting with a discussion on the available data, the panellists will discuss gaps in current regulation and concepts for an appropriate cryptocurrency regulation architecture in the area of (retail) investor protection.