International Monetary Fund Assessment of U.S. Economy, Financial Stability, Insurance Regulation July 2015

Overview

The International Monetary Fund says the U.S. should finish implementing Dodd-Frank reforms passed in 2010 and proceed with plans to impose tougher rules on insures, mutual funds and other non-bank financial institutions. The IMF says these steps are critical for the stability of the financial system in the world’s biggest economy.

“The regulatory landscape remains fragmented resulting in gaps, overlaps, and the potential for delayed responses to emerging risks, and should be simplified over time,” the IMF said in the assessment, which it conducts every five years.

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