Financial Regulatory Forum

EXCLUSIVE – IMF exploring insurance levy on banks

By Brian Love
PARIS, Nov 8 (Reuters) – The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday.

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IMF chief: “simplistic” financial tax won’t work

Dominique Strauss-Kahn, managing director, International Monetary Fund (IMF), is introduced at the International Economic Forum of the Americas conference in Montreal, June 8, 2009.  REUTERS/Christinne Muschi (CANADA BUSINESS POLITICS)    ISTANBUL, Oct 2 (Reuters) – International Monetary Fund Managing Director Dominique Strauss-Kahn said on Friday a “simplistic” tax on financial transactions would not be a good idea, but the IMF will continue work on proposals for systemic risk funding from the financial sector. (more…)

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