IMF’s Adrian on the systemic threat posed by a ‘weak tail’ of financial institutions

IMF’s financial counsellor discusses the need for action on run rate assumptions, interest rate risk, deposit insurance and crypto regulation

Tobias Adrian
Photo: John Harrington

The IMF’s Global Financial Stability Report has repeatedly raised concerns about financial institutions being mindful of liquidity, duration and credit risks, especially when leverage is involved. So, were you surprised about the unhedged interest rate exposures at the US’s Silicon Valley Bank (SVB) and other banks?

The GFSR is about multilateral surveillance – the common themes across institutions. As you point out, we have warned about duration risk, credit risk and liquidity risk in general

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account