IMF’s Lagarde urges politicians not to weaken bank rules

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By GlobalCapital
28 Feb 2019

Christine Lagarde, head of the International Monetary Fund, warned politicians on Thursday not to roll back banking regulations established in the wake of the financial crisis, as she highlighted a spike in financial pay. She also discussed ways of making finance more sustainable in its outcomes, and how fintech could improve inclusivity.

Lagarde, the fund’s managing director, said that while financial systems were safer as a result of co-ordinated efforts to tighten regulations they were “not safe enough”.

And she urged the banking industry to launch new products to help business meet the United Nation’s sustainable development goals (SDGs) as ...

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