Mostly they do this without the need for regulators to be involved because it is in their interests to ensure that they maintain the trust of their customers. But with new participants and new technologies, there is a risk that security vulnerabilities and opportunities for fraud will arise.
Anselmo Teng: Macao’s financial sector development Address by Mr Anselmo Teng, Chairman of the Monetary Authority of Macao, at the 2011 Monetary Authority of Macao (Autoridade Monetária de Macau – AMCM) Spring Cocktail, Macao SAR, 29 March 2011.