1.   With financial innovation, traditional instruments may become obsolete in influencing the money supply.

2.   An extreme area of concern is the extent to which the regulatory system will stifle financial innovation.

3.   And he was interested in financial innovation, especially in banking.

4.   Regulation stifles financial innovation, Fields said in a recent speech to members of the mutual fund industry.

5.   Speculative bubbles frequently occur during periods of financial innovation and deregulation.

6.   Banking profits are under pressure from increasing competition following wide-ranging deregulation and the fast pace of financial innovation in the banking industry.

7.   It also would help offset potential volatility in the money supply arising from, among other things, financial innovations such as prepaid cards, he noted.

8.   It will also seek a common regulatory framework for overlapping financial products and propose ways to deal with financial innovation into the future.

9.   It is to undertake a stocktake of financial regulation, establish a common regulatory framework and propose ways for dealing with further financial innovation.