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Non-U.S. banks still vulnerable to dollar funding shocks, IMF warns

U.S. dollar notes are seen on a desk at a currency exchange booth in Karachi
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WASHINGTON (Reuters) - Despite measures introduced following the 2007-2009 financial crisis to strengthen the global banking system, non-U.S. banks remain vulnerable to a disruption in the U.S. dollar funding market, the International Monetary Fund warned on Friday. The IMF pointed to the fact non-U.S. banks' dollar assets are rising and remain comparable to their pre-crisis levels, while the..
Date Published: Oct 11, 2019
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