Given the high degree of uncertainty inherent in the development of new products and processes, policymakers should be cautious when attempting to anticipate the future path of innovation, or the effects new regulations may have on innovation. There are several aspects to this interaction between government policies and market innovation.
On behalf of the financial sector of Macao, I would like to express our warm welcome and heartfelt gratitude to Mr. Baker, Deputy Managing Director of the Financial Services Commission of British Virgin Islands, who has kindly consented to be the speaker of this seminar entitled “Development and Supervision of BVI Business Companies”.