IMF calls for ‘urgent efforts’ on non-bank macro-pru tools
Fund warns of trade-off between support now and risks in the future
The International Monetary Fund is urging policy-makers to take rapid action to develop tools to deal with risks among non-bank financial institutions (NBFIs).
The Covid-19 crisis has created a difficult trade-off, as policy-makers have sought to support the non-financial private sector with loose financial conditions, potentially adding to risks in the medium term, the IMF says in an early-release chapter of its Global Financial Stability Report.
Firms had already been leveraging up in the
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