Saturday 31 January 2015
financial system

IMF becomes latest target of cyber attack

The International Monetary Fund, the intergovernmental group that oversees the global financial system and brings together 187 member nations, has become the latest known target of a significant cyber attack. A cybersecurity expert who has


Expert for financial market revamp

There are opportunities for systemic change in the midst of the current global economic crisis, said a financial expert. 'It will be the dawn of a new and better structure for the global financial markets if we all come together a


Financial system 'near meltdown'

The IMF has warned that the world's financial system was near meltdown and and urged "exceptional vigilance, coordination and readiness to take bold action" . The International Monetary Fund said it backed a Group of Seven plan to try to s


US to revamp financial system

The White House yesterday proposed the most far-ranging overhaul of the financial regulatory system since the stock market crash of 1929 and the ensuing Great Depression. The plan would change how the government regulates thousands of busi

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