In a report published last week entitled "Good Supervision: Lessons from the Field," the International Monetary Fund (IMF) emphasizes the importance of effective banking supervision and discusses what can be done to achieve it.
The bank failures of earlier this year have been widely attributed to failures in risk management that deteriorated trust and confidence in those institutions. Some have focused on heightened capital requirements in the wake of these collapses, but the IMF report is clear that "an institution can never have enough capital or liquidity if there are material flaws in its risk management practices."
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