Monday, October 4, 2010
Banks need more oversight, IMF says
Banks need more oversight, IMF saysThe International Monetary Fund (IMF) called for more oversight on banks in order to prevent financial companies from taking high risks while preventing another crisis in the banking sector that may lead to a crash in financial markets. “Supervision needs to be more intensive and intrusive, as well as more focused on cross-border exposures,” IMF said,
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