IMF: World's regulators must coordinate codes of conduct

03/6/2009 | Financial Times (free content)

The International Monetary Fund warned that financial regulators worldwide need to agree to codes of conduct to prevent turbulence when cross-border banks face a crisis. The IMF also acknowledged that it did not provide global financial leadership. The IMF said national regulators do an acceptable job of sharing information and assessing risk during normal times, stopping short of calling for a worldwide financial regulator.

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