Banks caught in ‘maelstrom of interlinked pressures’: IMF

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Not enough has been done on banking reform and the industry remains prone to another crisis, the latest IMF Global Financial Stability Report, released on Wednesday, claimed.

In a tough assessment of the international banking system, the IMF stated that banks are "caught in a maelstrom of interlinked pressures that are intensifying risks for the system."

Nearly four years after the start of the global financial crisis, "confidence in the stability of the banking system as a whole has yet to be f

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