Global Financial Stability Update: IMF says bank balance sheet restructuring is incomplete; Leverage is still high
Jan 25th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global Financial Stability Update: The IMF (International Monetary Fund) said today in Johannesburg, South Africa, that nearly four years after the onset of the largest financial crisis since the Great Depression, global financial stability is still not assured and significant policy challenges remain to be addressed. Bank balance sheet restructuring is incomplete and proceeding slowly, and leverage is still high.