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Article: United States : IMF explores bank insurance levy.
- Article from:
- TendersInfo
- Article date:
- November 10, 2009
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Byline: datta03
Britain backs bank bailout fund | 08/11/2009The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said today.
He said such a tax would be in line with a proposal at the weekend by British Prime Minister Gordon Brown, who urged world governments to consider imposing a levy on banks.
Mr Strauss-Kahn said his organisation was not pursuing a global tax on financial transactions -- a so-called "Tobin tax" -- which was one of several options floated by Mr Brown.
But British media reports suggesting there ...