Global Financial Stability Report
The International Monetary Fund released a report detailing the global financial conditions in emerging market economies, policy credibility in emerging markets and global regulatory reform 10 years after the global financial crisis.
Issues examined in the report included the growing trade tensions in emerging market economies and the global banking sector. Despite the strength in this sector before the crisis, the banking system faces, highly indebted borrowers, opaque and illiquid assets and foreign currency rollover risks.
According to the report, the importance for policymakers to put forth more effort in boosting the financial system’s resilience by completing the financial regulatory reform agenda is now more critical than ever.