IMF urges broad shake-up of US financial stability framework
Rapidly changing financial landscape poses challenges for the complex oversight framework, IMF says
A International Monetary Fund report suggest US authorities should consider implementing major reforms to the financial stability regulatory and supervisory framework.
While the current framework is “sound overall”, there are gaps that need addressing, the wide-ranging report says. The rapidly changing financial landscape poses a challenge for the fragmented and complex oversight framework, IMF staff say.
The IMF executive board adds that Congress should consider providing regulators with
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