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IMF's Lagarde urges governments to push ahead with banking reforms

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FRANKFURT (Reuters) - International Monetary Fund chief Christine Lagarde called on Tuesday for governments to shore up or wind down weak banks and push ahead with financial regulation reform to help the global economy recover. In a speech in Frankfurt entitled "The Global Financial Sector - Transforming the Landscape", Lagarde said she was concerned about the uneven implementation of bank regulation, "particularly the delay of Basel III in major jurisdictions". "Weak banks are still a drag on growth. ...

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