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STORY: IMF / GLOBAL FINANCIAL STABILITY
TRT: 1:32
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS
DATELINE: 19 APRIL 2017, WASHINGTON DC, USA
1. Wide shot, IMF headquarters
2. Med shot, IMF entrance and sign
3. SOUNDBITE (English) Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF:
“Since our last Global Financial Stability Report in October, financial stability has strengthened, but policy uncertainty is high. We at the IMF believe that policymakers need to get the policy mix right.”
4. Med shot, Adrian talking
5. SOUNDBITE (English) Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF:
“Policy uncertainty reflects risks. At the IMF, we see two. In the U.S., concerns about fiscal policy could push up interest rates and global risk premia. Inward looking policies could lead to protectionism, harming global growth, spilling into emerging markets.”
6. Med shot, Adrian talking
7. SOUNDBITE (English) Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF:
“Our analysis in the GFSR suggests four policy priorities. In the U.S., the economic benefits of fiscal stimulus need to be balanced against the buildup of leverage in the corporate sector. In Europe, structural weaknesses in the banking system need to be addressed. In emerging markets, resilience and the corporate and banking sectors need to be enhanced. Globally, regulatory reform efforts of the financial sector need to be completed, particularly the Basel III enhancements.”
8. Med shot, IMF sign and traffic
9. Wide shot, IMF entrance
While global financial stability has improved in recent months, some vulnerabilities remain, according to the latest Global Financial Stability Report issued by the International Monetary Fund.
IMF Financial Counsellor Tobias Adrian said Wednesday (19 Apr) that nations should move to bolster the advances.
Adrian said “since our last Global Financial Stability Report in October, financial stability has strengthened, but policy uncertainty is high. We at the IMF believe that policymakers need to get the policy mix right.”
He outlined some key priorities such as “policy uncertainty reflects risks. At the IMF, we see two. In the U.S., concerns about fiscal policy could push up interest rates and global risk premia. Inward looking policies could lead to protectionism, harming global growth, spilling into emerging markets.”
To secure global financial stability, Adrian urged policymakers around the world to address specific concerns.
He said “our analysis in the GFSR suggests four policy priorities. In the U.S., the economic benefits of stimulus need to be balanced against the buildup of leverage in the corporate sector. In Europe, structural weaknesses in the banking system need to be addressed. In emerging markets, resilience and the corporate and banking sectors need to be enhanced. Globally regulatory reform efforts of the financial sector need to be completed, particularly the Basel III enhancements.”
