Ms. Lagarde called for regulators to stay strong in the face of complaints from the financial sector.
“I’m always concerned about the pushback of the banking industry,” she said. “It’s the nature of the game, and it’s the constant approach by the industry to actually push back. I might be a little bit blunt on that, but that’s my experience.”
“We believe it is important for the regulators, for the supervisors, for the authorities to actually resist aggressive industry pushback,” she added.
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Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at tdevaney@washingtontimes.com.
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