Pandemic exposing cracks in financial system, bank losses likely - IMF

WASHINGTON (Reuters) - The novel coronavirus outbreak has exposed "cracks" in the global financial system and "will likely" see banks suffer both credit losses and market losses that will test their reserves, the International Monetary Fund (IMF) warned on Tuesday.

The world's largest multilateral lender cautioned that while banks have built up strong capital and liquidity buffers since the 2007-2009 financial crisis, the potential for a long and severe downturn will put those buffers to the test.