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Archive

Simon Turmaine | April 18, 2011

WASHINGTON – Incomplete policy actions and inadequate reforms of the banking sector have left segments of the global banking system vulnerable to further shocks, according to the International Monetary Fund (IMF), the multinational economic policy watchdog. Many institutions – particularly weaker European banks – are caught in a maelstrom of interlinked pressures that are intensifying risks for the system as a whole, it says in its latest Global Financial Stability Report (GFSR).

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