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IMF: Regulators Must Focus on Mutual Funds, Insurance Companies

Joe Mont | July 7, 2015

The thesis of a new report from the International Monetary Fund is neither shocking nor groundbreaking. Despite progress, the United States must finish the work begun by the Dodd-Frank Act on financial reforms, it says. More telling is an assessment of what new areas systemic risk has bubbled into and why non-banks, especially insurance companies, should be the next big focus for regulators.

The IMF’s “Financial System Stability Assessment” for the U.S., released on Tuesday, is one of 29 reviews of jurisdictions with heightened importance to global finance. The assessments are conducted, on a rotating basis, every five years; the last U.S. review was in 2010. “Banks in the United States appear...

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