IMF: Systemic-risk regulator wouldn't be enough to prevent crisis

04/14/2010 | Times (London) (subscription required), The · Google

The creation of a systemic-risk regulator in the U.S. and the EU would not head off another financial crisis, the International Monetary Fund said in its Global Financial Stability Report. To prevent future financial collapse, regulators' behavior must be controlled, the IMF said. If countries take divergent paths to limit risk taking, there is a danger that financial institutions will exploit gaps through regulatory arbitrage, the IMF said.

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Times (London) (subscription required), The · Google

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