Banking stability worries go behind closed doors at IMF-World Bank meetings

The steering committees of the IMF and the World Bank warned in general terms of the need for vigilance and encouraged regulators to step up supervision.

He said IMFC members discussed three groups of countries: those with strong supervision and good tools to control inflation, those facing more risks to contain inflation, and those facing potential crisis emanating from inflation, recessions, or bank runs. A European Central Bank policymaker said the meetings made him more pessimistic about the financial stability outlook because the speed of rate hikes had sewn financial risk into banks’ asset bases, creating the potential for more SVB-like shocks.

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