IMF asks ‘uncomfortable questions’

WASHINGTON, DC – Staff from the International Monetary Fund (IMF) research and global financial stability departments have urged regulators to enhance crisis management as a key part of the financial reform agenda. In a working paper entitled ‘The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions’, StijnClaessens and Laura Kodres warned that “policy-makers have to be more explicit about the analytical, practical and data constraints” to assessing the effectiveness of new regulatory proposals.