Paulis affirms the benefits of financial innovation

January 21 Morning News, European Commission financial Services policy and Financial market Affairs director Paulis in the Asian Financial Forum affirmed the benefits of financial innovation. Paulis that financial innovation can promote the development of the financial industry and contribute greatly to the economy. But these benefits have been overlooked in the aftermath of the financial crisis.　　So he suggested that the market should be refocused and consider how to improve the financial sector. Some seemingly risk-free products are in fact highly risky because they do not have the guarantees they deserve. So investors. After the crisis, markets should strike a balance between innovation and investors. Paulis that, first, innovation should not affect stability. Second, the will of investors. Third, market stability should not be undermined. (Yuet from Hong Kong)