IMF warns banking rules lack global theme

first_img whatsapp IMF warns banking rules lack global theme KCS-content Share TOUGH new banking rules may not be enough to prevent another financial crisis unless there is closer global co-ordination, the IMF warned yesterday.Global banking supervisors agreed in September the so-called Basel III rules which set tough new requirements for bank capital and liquidity. The Financial Stability Board (FSB) is now working on additional measures for large banks whose failure would pose a serious risk to the wider financial system. But an IMF study of 62 “large complex financial institutions” warns that some investment banks are still likely to find a way to circumvent the myriad of new rules facing them.“Banks with major investment banking focus may be able to restructure their activities to reduce the effects of regulatory reforms, notwithstanding a multitude of regulations affecting their activities,” the IMF report said. The IMF warns that some banks may be able to shift their activities into the less regulated “shadow banking” sector while others could relocate to countries with less onerous regimes: “In some countries, the slow progress in reaching international consensus have resulted in the adoption of national regulatory reform.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Wednesday 3 November 2010 9:49 pmcenter_img whatsapp Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this Tags: NULLlast_img read more