However, the implementation of reforms is not yet complete and remains uneven, especially in the non-banking space. It goes without saying that while dealing with all these issues, country specific situations have to be factored in. 5. Recent developments in the global economy should be seen in this perspective.
A weaker than expected growth with signs of slowdown in major economies, as projected by multilateral institutions like the International Monetary Fund (IMF), is one of the key risks to global financial stability at this juncture. Looming trade-tensions, geo-political risks, and related uncertainties 1/6  BIS central bankers' speeches  continue to exert pressure on the investment outlook.