A culture of “groupthink” and a failure to “connect the dots” helped keep the International Monetary Fund from grasping the risks behind the global financial meltdown, according to a withering report by its internal watchdog. Read More IMF groupthink masked dangers of financial crisis, finds watchdog
Posted in FX News | Tagged crisis, dangers, financial, finds, groupthink, imf, masked, of, watchdog
The Governor of the Bank of England has warned that the UK needs to “face up” to the dangers within the financial system and adapt radical reforms – or risk an “even bigger crisis next time.” Read More Mervyn King UK must face up to the dangers in banking
Posted in FX News | Tagged banking, dangers, face, in, king, mervyn, must, the, to, uk, up
