Collaboration key to growth, experts tell forum in HK

Ian Johnston, chief executive of the Dubai Financial Services Authority, shared the institution's approach to regulation, especially in some of the new emerging areas, like digital assets and climate risks.

For fintech and crypto, international cooperation is critical, he noted, as the sector has not had the decades that it took for international standards to develop in traditional banking.

"For innovative products, the industries are often dealing with companies who are not used to governance and compliance that doesn't come naturally to them," Johnston said, stressing the importance for regulators to cooperate.