IMF chief says US rejected its oversight programme

04/11/2008 | Reuters

Dominique Strauss-Kahn, head of the International Monetary Fund, said the US refused to implement the fund's suggestions for supervising the financial markets. Most European countries implemented the IMF's Financial Sector Assessment Programme, which requires assessments of the financial sector by an expert team, Strauss-Kahn said. The IMF can not be held responsible for "lack of supervision," he said.

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