IMF Finds Growing Risks To Financial Stability

The International Monetary Fund on Wednesday reported growing risks to financial stability. The IMF's global financial stability report said continued financial risk taking and the search for yield keeps stretching some asset valuations. In addition, oil- and commodity-exporting countries and firms have been severely affected by falling asset valuations and rising credit risks, rapidly depreciating exchange rates have increased pressures on firms that borrowed heavily in foreign currencies and volatility in major exchange rates has increased by more than during any similar period since the global financial crisis, the IMF said.