Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg
Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

How a wave of risky lending has set the world up for another financial crisis

  • Unsafe lending continues despite regulations, which merely pushed it into other sectors as big banks withdrew. This has left the global economy on the brink of a new disaster, in a cycle set to continue without greater oversight

Anthony Rowley
Anthony Rowley

Updated: 12:35am, 28 Oct, 2019

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Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg
Tobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, holds up a copy of the Global Financial Stability Report at a news conference during the annual meetings of the IMF and World Bank Group in Washington, on October 16. Photo: Bloomberg
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London