Global financial risks intensifying and rotating, says IMF
China cited as an example of a place where risks are becoming most heightened; Volatility in major exchange rates at its peak since financial crisis
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Tokyo
THE drumbeat of official warnings about risks in the global financial system came closer to becoming a storm signal on Wednesday, with the International Monetary Fund (IMF) saying that risks were mounting and moving to parts where they would be harder to detect and deal with.
Divergent growth and monetary policies have raised tensions in global financial markets and caused rapid and volatile moves in exchange rates and interest rates in the past six months, said IMF financial counsellor Jose Vinals at the launch of the fund's latest Global Financial Stability Report (GFSR).
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