Developing country representatives lament poor banking oversight
On Thursday, the Intergovernmental Group Of Twenty-Four (G-24) on International Monetary Affairs and Development met in Washington, DC.
In a communiqué released after the meeting, the world leaders said "ongoing efforts to strengthen the effectiveness of International Monetary Fund surveillance [of financial institutions] are often undermined by inappropriate and weak implementation framework and practices".
Strengthening the capacity and governance of the international financial institutions
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Banking
Bank of Uganda issues first Islamic banking licence
Policy-makers hope interest-free lending will increase financial inclusion
Momentum builds to end RBNZ dual mandate
Think-tank calls for abolishing deposit insurance and creating new prudential regulator
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank
FDIC chair promises stricter rules for mid-sized banks
Gruenberg says regional banks will need better resolution plans and more long-term debt
Brazil governor promises to end high-interest rotating credit
Campos Neto tells legislators central bank achieved “soft landing” on monetary policy
US regulators fine firms $549 million for using messaging apps
Feds say brokers violated recordkeeping laws by using WhatsApp and similar services
Cuba limits cash transactions and ATM access
Central bank measure provokes scepticism and concern
Fed fines Deutsche Bank $186.4 million for AML violations
German lender failed to comply with earlier orders and was involved in Danske Bank scandal