IMF Chief Says Rising Rates Exposed Banking Vulnerabilities
- Georgieva warns banking leaders must ‘anticipate shocks’
- Sees shift in China’s approach to emerging=market debt issues
Kristalina Georgieva
Photographer: Al Drago/BloombergThis article is for subscribers only.
The International Monetary Fund’s chief said the rapid acceleration in interest rates “exposed vulnerabilities in the financial sector,” adding that the banking industry needs to be on watch for additional risks.
Industry leaders need to “anticipate shocks and be ready to act when they occur, because they will be coming,” Kristalina Georgieva said in an interview with Stephanie Flanders, the head of economics and government at Bloomberg News, at the Milken Institute Global Conference in Beverly Hills, California.