International Monetary Fund

Restructuring of the Financial Institutions

The International Monetary Fund has been criticizing the European Union’s moves at accepting the Basel III, a new global regulatory standard on bank capital adequacy and liquidity, as they believe that stronger common standards are required, along with ensuring sufficient flexibility for macro-prudential policies. With the immediate future of the world economy not looking very bright and the looming possibility of a double-dip recession, it has become the International Monetary Fund’s imperative to create a uniform framework to lay the foundation for restructuring of large financial institutions to ensure that history doesn’t repeat itself. This council will deal with the mistakes made by different institutions during and leading to the financial crisis and will then propose solutions to prevent reoccurrences.