IMF Urges U.S. to Finish Tougher Rules For Insurance Companies, Mutual Funds

The U.S. needs to follow through on plans to impose tougher rules on nonbank financial institutions such as mutual funds and insurers that are increasingly posing a risk to the financial system, the International Monetary Fund said.

It’s critical that U.S. policy makers finish implementing the Dodd-Frank Act of 2010, the Washington-based lender said July 7 in a report on the stability of the financial system in the world’s biggest economy.

“The regulatory landscape remains fragmented resulting in gaps, overlaps, and the potential for delayed responses to emerging risks, and should be simplified over time,” the IMF said in the ...