IMF urges caution in UK financial services reforms

Kristalina Georgieva
Kristalina Georgieva
IMF Photo/Allison Shelley

The International Monetary Fund urged the UK to proceed carefully with planned changes to financial services regulation, in light of recent banking stress.

Published today (May 23), the fund’s latest Article IV assessment of the UK economy is more upbeat than earlier assessments. Notably, the fund raised its forecast for UK growth in 2023 0.7 percentage points, to 0.4%, meaning the IMF no longer forecasts a recession.

“The outlook for the UK economy has improved but in the context of a highly

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.