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ARTICLE · 23 APRIL 2015

International Monetary Fund Publishes Chapters On Shadow Banking Risks

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The International Monetary Fund recently published two chapters for its annual Global Financial Stability Report discussing the risks mutual funds and local lenders may pose to financial stability.

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The International Monetary Fund recently published two chapters for its annual Global Financial Stability Report discussing the risks mutual funds and local lenders may pose to financial stability. The two chapters are titled: "Chapter 2: International Banking After the Crisis: Increasingly Local and Safer?" and "Chapter 3: The Asset Management Industry and Financial Stability." The IMF warns that mutual funds are increasingly crowding into the same securities, especially bond funds, and that this "herding behavior" may lead to financial instability.

The chapters are available at: http://www.imf.org/external/pubs/ft/gfsr/2015/01/index.htm.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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