While much has been achieved in strengthening the financial system against systemic risk posed by banks, policy-makers must still do more, a report published by the International Monetary Fund says.

“Enhancing resolvability of systemic banks – at the global, regional and domestic level – is a key priority,” IMF staff write.

The report is an update on the fund’s work since the 2008 financial crisis to help policy-makers prepare for systemic banking crises. It focuses on the operational