July 15, 2024
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3 October - Global Financial System Needs More Comprehensive Reform (IMF)

Monday, 04 October 2010 16:25

New analysis finds that while current reforms are moving in the right direction, many difficult decisions lie ahead. It identifies five key priorities in the reform agenda: 1) A level playing field in regulation; 2) Improve the effectiveness of supervision; 3) Develop coherent resolution mechanisms at the national level and for cross-border financial institutions; 4) Establish a comprehensive macro prudential framework that will require indentifying, monitoring, and addressing systemic risks generated by individual firms and collective behavior; and 5) Reforms must address emerging exposures and risks in the entire financial system, not just banks.


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