Neither the enhancement of world economic growth, no increase in interest rates will not help a significant part of the problem banks in the richest countries of the world. About it as transfers “Interfax”, said in a Wednesday semi-annual report of the International monetary Fund (IMF) on financial stability.
The problem the IMF classifies about one-third of European banks with assets of 8.5 trillion and a quarter of U.S. banks with assets of 3.2 trillion dollars.
“Financial stability depends on how well do financial institutions adapt to this new era of” tougher regulation and supervision, subdued growth and low interest rates, the report said. “We need fundamental changes in business models of banks and the structure of the system to ensure a viable and healthy banking system,” IMF experts said.
The overall structure of banking assets and capital ratios now than before the financial crisis of 2008-2009, but low profitability remains a significant problem that cannot be solved by cyclical economic recovery.
Thus, the IMF drew attention to Eurozone banks, profits which are now less than half the average in 2004-2006, with Europe lagging behind the US in terms of getting rid of bad loans.
The IMF also notes a weakening short-term financial risks compared to the previous (April) estimate, in particular the reduction of pressure on emerging markets in terms of increased raw material prices and some stabilization of the Chinese economy.
The European Central Bank (ECB) took a similar position. The heads of the ECB (unlike the banks) do not consider the extremely loose monetary policy the main cause of banking problems. Beyond Europe, a significant concern of experts of IMF in the medium term, causing financial stability of Japan and China.