A large number of the largest banks in the richest countries of the world is so weakened that they will not solve the problem has no global growth or rising interest rates. Cachepages did the international monetary Fund in its semi-annual report.
According to the IMF, will soon die a third of European banks with assets of $8.5 trillion and a quarter of U.S. banks with assets of $3.2 trillion.
“Financial stability now depends on how well do financial institutions adapt to this new era of” tougher regulation and supervision, subdued growth and low interest rates. Need fundamental changes in business models of banks and the structure of the system to ensure a viable and healthy banking system”, – analysts of the Fund.
At the same time, the IMF noted the improvement in the structure of Bank assets and capital ratios than before the times of financial crisis. However, profitability remains a significant problem that cannot be solved by cyclical economic recovery.
Special attention is paid to the IMF on the European banks, profits which are now less than half average levels in 2004-2006, and Europe lags behind the United States, in terms of getting rid of bad loans.
In addition to Europe, the IMF experts also expressed significant concerns in the medium term about the financial stability of Japan and China.
