IMF warning on ‘too big to fail’ banks

Time may indeed be running out, but the GOP is ready, able and willing to defend those banks at all costs. Lobbyists of the world, unite!

In its half-yearly health check on the financial sector, the Washington-based fund said there was an urgent need for international co-operation to tackle the systemic risks posed by banks deemed “too big to fail”.

“The future financial regulatory reform agenda is still a work in progress, but will need to move forward with at least the main ingredients soon”, the IMF said in its Global Financial Stability Review. “The window of opportunity for dealing with too-important-to-fail institutions may be closing and should not be squandered, all the more so because some of these institutions have become bigger and more dominant than before the crisis erupted.

“Policymakers need to give serious thought about what makes these institutions systemically important and how risks to the financial system can be mitigated.”

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

Share This Post

© 2017 AMERICAblog Media, LLC. All rights reserved. · Entries RSS