IMF / GLOBAL FINANCIAL STABILITY

10-Oct-2017 00:01:55
The International Monetary Fund (IMF) announced that banks and capital markets continue to grow healthier a decade after the global financial crisis struck, but said regulators and executives must not become complacent. IMF
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STORY: IMF / GLOBAL FINANCIAL STABILITY
TRT: 01:55
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 09 OCTOBER 2017, WASHINGTON DC
SHOTLIST
RECENT – WASHINGTON DC

1. Wide shot, IMF building exterior
2. Close up, IMF logo

09 OCTOBER 2017, WASHINGTON DC

3. SOUNDBITE (English) Tobias Adrian, Director, Monetary and Capital Markets Department, International Monetary Fund (IMF):
“Global financial stability continues to improve. We see an upswing in global economic activity. Capital is flowing to emerging markets and core global banks are more resilient. But confidence should not become complacency. This edition of the Global Financial Stability Report cautions that financial vulnerabilities are building."
4. Med shot, Adrian
5. SOUNDBITE (English) Tobias Adrian, Director, Monetary and Capital Markets Department, International Monetary Fund (IMF):
"We see four vulnerabilities. One, the search for yield may have gone too far. There is simply too much money chasing too few yielding assets. Two, debt levels are increasing in major economies as interest rates remain low. Three, in China the size, pace, complexity of credit expansion poses risks. Four, a third of global banks with $17 trillion in assets struggle to retain profitability. These vulnerabilities can put growth at risk."
6. Med shot, Adrian
7. SOUNDBITE (English) Tobias Adrian, Director, Monetary and Capital Markets Department, International Monetary Fund (IMF):
"We at the Fund call on policy makers to combat complacency and keep the financial system safe. One, by using macroprudential policies to control the build-up of debt and market vulnerabilities. Two, by focusing supervision and regulation on bank business models. Three, by preserving the core tenets of the new regulatory regime devised and developed after the global financial crisis. This will help reduce risks and sustain growth."

RECENT – WASHINGTON DC

8. Wide shot, IMF building exterior
STORYLINE
The International Monetary Fund (IMF) announced that banks and capital markets continue to grow healthier a decade after the global financial crisis struck, but said regulators and executives must not become complacent.

The IMF Global Financial Stability report released today (11 Oct) cautioned that financial vulnerabilities are building according to IMF Director of the Monetary and Capital Markets Department, Tobias Adrian. He said, “We see an upswing in global economic activity and capital is flowing to emerging markets and core global banks are more resilient, but confidence should not become complacency.”

Adrian said the IMF sees four vulnerabilities.

SOUNDBITE (English) Tobias Adrian, Director, Monetary and Capital Markets Department, International Monetary Fund (IMF):
"We see four vulnerabilities. One, the search for yield may have gone too far. There is simply too much money chasing too few yielding assets. Two, debt levels are increasing in major economies as interest rates remain low. Three, in China the size, pace, complexity of credit expansion poses risks. Four, a third of global banks with $17 trillion in assets struggle to retain profitability. These vulnerabilities can put growth at risk."

The Global Financial Stability report cautioned that while the waters seem calm, financial vulnerabilities are building under the surface. Adrian said the Fund is calling on policy makers “to combat complacency and keep the financial system safe.” This can be done, “one, by using macroprudential policies to control the build-up of debt and market vulnerabilities; two, by focusing supervision and regulation on bank business models; three, by preserving the core tenets of the new regulatory regime devised and developed after the global financial crisis.” Adrian added, “This will help reduce risks and sustain growth."

A full copy of the report can be found at IMF.org.
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