In this report, we assess the IMF’s in-depth assessment of global financial stability which for the first time names those GSIBs it fears could pose a threat by 2019.  That the Fund chose to single out so many banks for so much specific scrutiny is surprising given longstanding official consensus that it is best to keep problem-bank names carefully guarded.  The IMF is keenly aware of the risk here, but likely decided to name names because this report raises many structural fears about financial stability and is surprisingly pessimistic about cross-border resolutions.

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