Arab Today, arab today safer global financial system not yet established
Last Updated : GMT 21:17:01
Arab Today, arab today
Arab Today, arab today

Safer global financial system not yet established

Arab Today, arab today

Arab Today, arab today Safer global financial system not yet established

Washington - XINHUA

Five years after the eruption of the financial crisis, a safer global financial system has not been fully established despite some reform progress, the International Monetary Fund (IMF) said on Tuesday. \"Although the intentions of policymakers are clear and positive, the reforms have yet to effect a safer set of financial structures, in part because, in some economies and regions, the intervention measures needed to deal with the prolonged crisis are delaying a \' reboot\' of the system onto a safer path,\" the IMF said in the analytical chapters of its Global Financial Stability Report (GFSR) . Despite a host of regulatory reforms aimed in the right direction, the financial structures present before the crisis have not actually changed that much, Laura Kodres, assistant director of IMF Monetary and Capital Markets Department, said Tuesday at an IMF press conference. Reforms in some areas still needed to be further refined by policymakers, despite progress on the reform agenda to make markets and institutions more transparent, less complex and less leveraged, the IMF said in the report released before the annual meetings of the global lender and World Bank. A safer financial system refers to one that is less complex and more transparent, a system in which institutions are less dependent on leverage, are better capitalized and better able to absorb loss, and can better manage liquidity risk, according to the Washington-based global lender. \"The basic financial structures that we found problematic before the crisis are still with us,\" said Kodres, adding that financial systems were still overly complex, banking assets were highly concentrated, and the too-important-to-fail issues were unresolved. \"Complexity can be detrimental to financial stability if the associated financial products are opaque and cannot be easily priced,\" the IMF cautioned in its flagship report. The global financial crisis has required policymakers to reconsider the role that the structure of their financial systems played in achieving good economic outcomes including better economic growth, noted the report. The IMF study also revealed that higher financial buffers were related to higher economic growth before and after the financial crisis for both advanced and emerging economies. The third and fourth chapters of the report are analytical ones, and the first two chapters are set to release during the annual meetings. The annual meetings of the IMF and its sister agency World Bank are scheduled to kick off in Tokyo, Japan next month.  

arabstoday
arabstoday

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 safer global financial system not yet established Arab Today, arab today safer global financial system not yet established

 



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 safer global financial system not yet established Arab Today, arab today safer global financial system not yet established

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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