Financial regulation reform must not stop, Olli Rehn tells IMF
Foreign-denominated lending may threaten emerging markets, Finnish governor warns
Policy-makers around the world need to carry on updating financial regulation, Olli Rehn told the International Monetary Fund’s annual meeting in Indonesia.
The “key lesson” to be learned from the eurozone’s recent crisis “is how vital financial resilience is for the whole macro-economy”, the governor of the Bank of Finland said on October 11. The disruptions that the financial sector had caused the entire eurozone economy “came as a surprise to economists and policy-makers alike”.
Rehn argued
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