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The IMF Executive Board yesterday approved the appointment of Dan Katz as First Deputy Managing Director (FDMD), with an...
10/05/2025

The IMF Executive Board yesterday approved the appointment of Dan Katz as First Deputy Managing Director (FDMD), with an effective start date of October 6, 2025.

FDMD Katz brings extensive experience from his roles at the US Treasury Department, where he represented the United States at international fora including the Financial Stability Board.

He also spent several years in the think tank community as a senior fellow at the Manhattan Institute, focusing on central banking, international economic issues, and economic statecraft.


The financial landscape has transformed dramatically since 2008. Nonbank financial institutions now provide nearly half ...
10/02/2025

The financial landscape has transformed dramatically since 2008. Nonbank financial institutions now provide nearly half of all global financial services, up from 43% during the crisis to 50% by 2023.

These companies offer credit, trading and investment services without taking deposits from the public, fundamentally changing how businesses, consumers and governments access finance.

While this growth brings innovation and expanded access to credit for over a billion more people, it also introduces new risks that require careful monitoring and appropriate regulation.

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