Tag Archives: bank reform
10-Year retrospective: Lesson 5
5. Banking can only be reformed from within This is another unavoidable lesson. Banking has not been reformed by actions taken by the state, central banks or regulators since the crisis. Indeed they have set back the prospects for improvement. There were two main strands in the policy response to the crisis. One was monetary…
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The IMF gets radical
To some people’s surprise, the IMF under Christine Lagarde is pushing governments and stamping its authority on financial sector issues in ways that it has seldom done before. Following my prediction of another financial crisis (RP’s Diary, 23 September), the IMF today argues that banking reforms do not go nearly far enough. The reforms have…
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