{"id":56167,"date":"2023-04-08T17:55:33","date_gmt":"2023-04-08T17:55:33","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/08\/embark-on-robust-surveillance-and-regulation-imf-tells-central-banks\/"},"modified":"2023-04-08T17:55:33","modified_gmt":"2023-04-08T17:55:33","slug":"embark-on-robust-surveillance-and-regulation-imf-tells-central-banks","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/08\/embark-on-robust-surveillance-and-regulation-imf-tells-central-banks\/","title":{"rendered":"Embark on robust surveillance and regulation &#8211; IMF tells central banks"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"679\" height=\"355\"  alt=\"\" title=\"FtCWB4sacAQewb-\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/FtCWB4sacAQewb-.jpg\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"679\" height=\"355\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/FtCWB4sacAQewb-.jpg\"   alt=\"\" title=\"FtCWB4sacAQewb-\"\/><\/noscript><figcaption class=\"wp-caption-text\">IMF Managing Director<br \/>\nKristalina Georgieva<br \/>\n<\/figcaption><\/figure>\n<\/div>\n<p><strong>The International Monetary Fund (IMF) has said that in order to maintain financial stability, central banks can implement vital safeguards.<\/strong><\/p>\n<p>The Fund said these safeguards include robust surveillance and regulation and supervision of nonbank financial intermediaries (NBFIs).<\/p>\n<p>The IMF\u00a0added that discretionary marketwide operations should be temporary and designed to restore market functioning while containing moral hazard.<\/p>\n<p>\u201cCentral banks could grant access to standing lending facilities to reduce the spillovers to the financial system,\u201d it said.<\/p>\n<p>The Fund indicated that nonbank financial intermediaries (NBFIs) play a key role in the global financial system, enhancing access to credit and supporting economic growth.<\/p>\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/3news.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To maintain financial stability, central banks can implement vital safeguards such as robust surveillance and regulation and supervision of nonbank financial intermediaries. https:\/\/t.co\/NYib4EwI5X <a href=\"https:\/\/twitter.com\/hashtag\/GFSR?src=hash&amp;ref_src=twsrc%5Etfw\">#GFSR<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/IMFpublications?src=hash&amp;ref_src=twsrc%5Etfw\">#IMFpublications<\/a> <a href=\"https:\/\/t.co\/R85fFMk3ss\">pic.twitter.com\/R85fFMk3ss<\/a><\/p>\n<p>\u2014 IMF (@IMFNews) <a href=\"https:\/\/twitter.com\/IMFNews\/status\/1644746435773210626?ref_src=twsrc%5Etfw\">April 8, 2023<\/a><\/p>\n<\/blockquote>\n<p>Also, NBFIs\u2019 financial vulnerabilities might have increased in the past, amid low-interest rates.<\/p>\n<p>NBFI stress tends to emerge with elevated leverage, liquidity mismatches, and high levels of interconnectedness that often spill over to emerging markets.<\/p>\n<p>In the current environment of high inflation and tighter financial conditions, central banks can face complex and challenging trade-offs during market stress, between addressing financial stability risks and achieving price stability objectives.<\/p>\n<p>Policymakers need appropriate tools to tackle the financial stability consequences of NBFI stress.<\/p>\n<p>NBFI direct access to central bank liquidity could prove necessary in times of stress, but implementing appropriate guardrails is paramount.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMF Managing Director Kristalina Georgieva The International Monetary Fund (IMF) has said that in order to maintain financial stability, central banks can implement vital safeguards. The Fund said these safeguards include robust surveillance and regulation and supervision of nonbank financial intermediaries (NBFIs). The IMF\u00a0added that discretionary marketwide operations should be temporary and designed to restore [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-56167","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Embark on robust surveillance and regulation - IMF tells central banks - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/04\/08\/embark-on-robust-surveillance-and-regulation-imf-tells-central-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Embark on robust surveillance and regulation - IMF tells central banks - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"IMF Managing Director Kristalina Georgieva The International Monetary Fund (IMF) has said that in order to maintain financial stability, central banks can implement vital safeguards. 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