Kathleen A Scott

March 18, 2009 | New York Law Journal

Kathleen A. Scott, counsel at Arnold & Porter, discusses a recently-issued series of staff reports from the International Monetary Fund regarding the current crisis, providing specific examples of how systemic risk assessment was ineffective or nonexistent in the run-up to the current crisis. IMF recommendations include a need by countries to step up financial systemic surveillance, expand the coverage of prudential regulation and designate systemic risk regulators.

By Kathleen A. Scott

11 minute read