IMF-RIETI Joint Seminar

Global Financial Stability Report October 2018


In the 10 years since the global financial crisis, regulatory frameworks have been enhanced and the banking system has become stronger, but new vulnerabilities have emerged, and the resilience of the global financial system has yet to be tested. Since the last Global Financial Stability Report (GFSR), near-term risks to global financial stability have increased somewhat, but financial conditions are still broadly accommodative and supportive of growth in the near term. That said, risks could rise sharply should pressure in emerging market economies mount or if trade tensions escalate. Meanwhile, medium-term risks remain elevated, as easy financial conditions contribute to a further buildup of financial vulnerabilities.

Global Financial Stability Report(Released: October 3, 2018):


  • Time and Date: 14:00-15:30, Tuesday, November 13, 2018
  • Venue: Kazan-Kaikan (37F, West Bldg. Kasumigaseki Common Gate, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo)
  • Language(s): English/Japanese simultaneous interpretation will be provided

Registration: Please register by noon Monday November 12, 2018 (Since the capacity is limited, reservation is made on a first come first served basis)
Enquiries: IMF Regional Office for Asia and the Pacific @ (OAP)
TEL: 03-3597-6700 Email:


  • Speaker: Fabio M NATALUCCI, Deputy Director, Monetary and Capital Markets Department, IMF

    Deputy Director of the Monetary and Capital Markets Department with responsibility for the IMF's global financial markets monitoring and systemic risk assessment functions. He is responsible for the lead chapter of the Global Financial Stability Report that gives the IMF's assessment of global financial stability risks. Prior to joining the IMF, Fabio was a Senior Associate Director in the Division of Monetary Affairs at the Federal Reserve Board, where he conducted research and current analysis on the relationship between monetary policy, financial regulatory policy, and financial stability. Between October 2016 and June 2017, Mr. Natalucci was Deputy Assistant Secretary for International Financial Stability and Regulation at the U.S. Department of Treasury. His responsibilities included leading U.S. engagement on financial regulatory cooperation in the G-20 and at the Financial Stability Board, coordinating between domestic and international post-crisis regulatory reforms, and monitoring developments and vulnerabilities in global financial markets. Fabio holds a doctorate in Economics from New York University.

  • Opening remarks: NAKAJIMA Atsushi (Chairman, RIETI)
  • Moderator: KASHIWASE Kenichiro (Deputy Head of Office, Regional Office for Asia and the Pacific, IMF / Consulting Fellow, RIETI)

*Agenda is subject to change