IMF: Financial Stability Improves, but Risks Remain

ID

507444

SHOOT DATE

18 Apr 2018

SHOOT LOCATION

Washington, United States

DESCRIPTION
FILE NAME: 20180418 GFSR PRESSER

Washington, DC --- 18 April 2018

1. Wide press briefing to release Global Financial Stability Report
2. Mid journalists at briefing
3. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
“The economic recovery has remained resilient despite market volatility. But investors and policymakers should not take too much comfort from today’s relatively easy financial conditions. They should remain attuned to the risks associated with rising interest rates, elevated market volatility and an escalation of trade tensions. The road ahead may well turn out to be bumpy."
4. Mid journalist asking question
5. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
"Jurisdictions around the world are taking steps to evaluate any unintended consequences of these regulations on market functioning and on credit availability. This is done under the auspices of the Financial Stability Board. And as jurisdictions look at any of these unintended consequences, there might be some adjustments to the regulations as they were implemented in recent years. However, we would warn against any rollbacks of the overall level of capital, the overall level of liquidity or any rollbacks in terms of the resolution authorities.”
6. Mid journalists
7. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
"What is important is that regulatory approaches are taken that are generating trust in emerging technologies. We have seen a number of cases of fraud and operational failures in this new and emerging sector and that is, of course, negative for investor confidence and consumer confidence. Furthermore, we feel that cooperation across jurisdictions is important, as investments in crypto-assets is very global by nature.”
8. Wide journalists at briefing
9. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
“Business models in the Fintech sector are very often very global by nature, so some coordination across jurisdictions is important. At the same time, we do note in the report that the sector remains very small at the moment so it doesn’t represent a major financial stability risk for the moment. But, that might change."
10. Mid journalists
11. Wide IMF officials at end of briefing.
SHOTLIST
FILE NAME: 20180418 GFSR PRESSER

Washington, DC --- 18 April 2018

1. Wide press briefing to release Global Financial Stability Report
2. Mid journalists at briefing
3. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
“The economic recovery has remained resilient despite market volatility. But investors and policymakers should not take too much comfort from today’s relatively easy financial conditions. They should remain attuned to the risks associated with rising interest rates, elevated market volatility and an escalation of trade tensions. The road ahead may well turn out to be bumpy."
4. Mid journalist asking question
5. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
"Jurisdictions around the world are taking steps to evaluate any unintended consequences of these regulations on market functioning and on credit availability. This is done under the auspices of the Financial Stability Board. And as jurisdictions look at any of these unintended consequences, there might be some adjustments to the regulations as they were implemented in recent years. However, we would warn against any rollbacks of the overall level of capital, the overall level of liquidity or any rollbacks in terms of the resolution authorities.”
6. Mid journalists
7. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
"What is important is that regulatory approaches are taken that are generating trust in emerging technologies. We have seen a number of cases of fraud and operational failures in this new and emerging sector and that is, of course, negative for investor confidence and consumer confidence. Furthermore, we feel that cooperation across jurisdictions is important, as investments in crypto-assets is very global by nature.”
8. Wide journalists at briefing
9. SOUNDBITE: (English) Tobias Adrian, IMF Director of the Monetary and Capital Markets Department:
“Business models in the Fintech sector are very often very global by nature, so some coordination across jurisdictions is important. At the same time, we do note in the report that the sector remains very small at the moment so it doesn’t represent a major financial stability risk for the moment. But, that might change."
10. Mid journalists
11. Wide IMF officials at end of briefing.
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