Combating COVID-19: How Should Banking Supervisors Respond?

2020-06-16T16:15:05-04:00June 15, 2020|

By Tobias Adrian  and Ceyla Pazarbasioglu

عربي中文, EspañolFrançais, 日本語, Português,  Русский 

The massive macro-financial shock caused by the pandemic continues to ravage the global economy and has put both banks and borrowers under severe strain. Supervisors find themselves confronted with unprecedented challenges which call for decisive action to ensure that banking systems support the real economy while preserving financial stability. This blog introduces nine joint IMF-World Bank recommendations to help supervisors navigate these uncharted waters and calls for vigilance regarding policy measures taken that are not consistent with international […]

Risky Business: Reading Credit Flows for Crisis Signals

2019-03-14T12:50:45-04:00April 10, 2018|

By Claudio Raddatz Kiefer and Jérôme Vandenbussche 

April 10, 2018

Versions in عربي (Arabic),  中文 (Chinese),  Español (Spanish),  Français (French), 日本語 (Japanese), Português  (Portuguese), Русский (Russian)

The odds of a severe economic downturn are higher when a growing portion of credit flows to riskier firms, according to a new IMF study (Photo: Pali 137/ iStock by Getty Images).

Supervisors who monitor the health of the financial system know […]

More Action Needed on European Bank Profitability

2019-03-25T10:16:28-04:00August 30, 2017|

By John Caparusso, Rohit Goel and Will Kerry

August 30, 2017

Versions in Español (Spanish), Deutsche (German), Français (French)

A woman withdraws money from an automated teller machine in Italy: Some European banks have too many branches relative to assets (photo: Martin Moxter imageBROKER/Newscom)

European banking has made considerable progress in the past few years: Banks have built up capital, regulation is stronger and supervision has been enhanced. […]

G-20: Five Ways to Spark Growth

2019-03-26T16:49:34-04:00July 21, 2016|

By iMFdirect

Once again, we face the prospect of weak and fragile global growth. Released earlier this week, the IMF’s update to the global economic outlook expects global growth at 3.1 percent and 3.4 percent in 2016 and 2017, respectively, slightly down from April estimates. The global outlook, which was set for a small upward revision prior to the U.K.’s referendum, has been revised downward, reflecting the increased economic, political, and institutional uncertainty. […]

The Ties That Bond Us: What Demand For Government Debt Can Tell Us About the Risks Ahead

2017-04-15T14:00:03-04:00January 17, 2013|

It has become apparent in recent years is that advanced economy government bond markets can also experience investor outflows, and associated runs. Our new research shows that advanced economies’ exposure to refinancing risk and changes in government borrowing costs depend mainly on who is holding the bonds— the demand side for government debt. Tracking who owns what, when and for how long can shed some light on potential risks in advanced economies’ government debt markets.

Capital Controls: When Are Multilateral Considerations of the Essence?

2017-04-15T14:03:57-04:00September 7, 2012|

When should multilateral considerations trump national interests in the imposition of controls on capital flows? An IMF paper explores the reasons why countries may want to impose controls and looks at when the wider interest should be taken into consideration, requiring some multilateral principles for their safe management.

Blow, Bling and Bucks: IMF Work Against Money Laundering and Terrorist Financing

2017-04-15T14:21:41-04:00June 27, 2011|

Drug traffickers, diamond smugglers, and terrorists’ financiers around the world have one thing in common: they abuse the financial system to “clean” the proceeds they have obtained from their illegal work, or to transfer funds to achieve their destructive aims. The former is known as money laundering and the latter as terrorist financing. The IMF has worked with countries to combat money laundering and terrorist financing for over 10 years. With the benefit of all this experience, we decided it was time to consider a new, risk-focused approach to add depth to the way we assess money laundering and terrorist financing.
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