Arab Today, arab today imf warns of threat to global banking system
Last Updated : GMT 14:03:45
Arab Today, arab today
Arab Today, arab today

IMF warns of threat to global banking system

Arab Today, arab today

Arab Today, arab today IMF warns of threat to global banking system

Washington - Arabstoday

The International Monetary Fund has warned that the global financial system is more vulnerable now than at any time since the 2008 financial crisis. Some European banks are particularly weak and \"urgently need to bolster their capital levels\", the IMF said in its Global Financial Stability Report. It said time is \"running out to tackle vulnerabilities\" that threaten the banking system and economic recovery. On Tuesday, the IMF cut economic growth forecasts for Europe, the US and Japan. The IMF\'s twice-yearly stability report said the risks to banks and financial markets had grown. Fearful that some governments could default and that the global economy may return to recession, banks may start conserving cash, cutting access to capital and increasing As intra-bank lending freezes, the weaker European firms will struggle. Europe should consider tapping its Financial Stability Facility - a fund set up to provide aid to indebted countries - to support their weakest banks, the IMF said. \"Some European banks urgently need to bolster their capital levels,\" the report said. \"In current market conditions, however, this may not always be possible, so public backstops, first at the national level and ultimately through the European Financial Stability Facility should be used to provide capital to banks as needed.\" The Washington-based IMF estimates that the eurozone debt crisis has directly cost banks in the European Union 200bn euros ($273bn; £176bn) since the end of 2009. The 187-member group is holding its annual meeting at the end of this week in Washington, bringing together finance ministers and central bankers from around the world. The report also said: \"Restoring confidence in the stability of the US housing market is the key to bolstering the prospects for US banks.\" On Tuesday the IMF\'s chief economist, Olivier Blanchard, said that \"Europe must get its act together\", and he criticised its leaders for being \"one step behind the action\". The IMF also cut its growth forecasts for all the major European economies.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf warns of threat to global banking system Arab Today, arab today imf warns of threat to global banking system

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday