Failure to see big picture fuelled boom: IMF

An inability by officials to see the "big picture threat" of a growing asset-price boom was a key cause of the current crisis, the International Monetary Fund (IMF) said on Friday.

In a document entitled 'Initial Lessons of the Crisis', the Fund said: "The most serious issue [for financial regulation] is that there are no ex-ante rules governing cross-border resolution or burden sharing. Without such rules, supervisors' obligations to their own taxpayers lead them to minimise liabilities to no

To continue reading...

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 indvidual account here: