IMF welcomes 'decisive' U.S. action to address systemic banking risks

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, March 13 (Reuters) - The International Monetary Fund said on Monday it welcomed "decisive" U.S. action to stem systemic banking system risks over the weekend and that it was monitoring the situation for global implications. "The IMF welcomes the decisive steps taken by the Federal Reserve, FDIC, and US Treasury to address the systemic risks arising from recent bank failures in the U.S.," the Fund said in an emailed statement to Reuters. "IMF staff are following the evolving situation closely and assessing potential global financial stability implications."
(Reporting by David Lawder Editing by Chris Reese)

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