IMF warns on global financial system

[katty]

(o no when the IMF actually 'cares' to sound an alarm...)

more: http://www.ft.com/intl/cms/s/0/268eb298-e425-11e0-b4e9-00144feabdc0.html#axzz1YcygqH1f


International regulators raised the pressure on European policymakers to shore up the continent’s banks, warning the impact of the sovereign debt crisis on bank capital posed an escalating threat to financial stability.

The European Systemic Risk Board, a new body comprising central bankers and supervisors, called for concerned action to head off “rapidly rising” threats.