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As ever, the IMF’s latest Global Financial Stability Report is worth a look, not least because the organisation’s chart makers seem to be getting a lot more creative. Some of the infographics in the report’s latest edition verge on the psychedelic.

More importantly, however, the IMF issues a stern rebuke to financial regulators for “incomplete policy actions and inadequate reforms”. The global banking system remains vulnerable to shocks, as some lenders remain “caught in a maelstrom of interlinked pressures”, the IMF warns.

Euro area banks are singled out as particularly vulnerable. Thinly capitalised and more reliant on wholesale funding than many of their counterparts elsewhere, some of the currency union’s banks—particularly those in the bloc’s troubled periphery—are now shut out from most funding markets. This is reflected in the interest rates that the most desperate banks are offering on deposits, seeking to reduce their reliance on official support by luring funds from wary savers.

The rate hikes by Greek, Portuguese and Irish banks in recent months have been significant, dampening these institutions’ profitability and prolonging an already protracted recovery process. Another interesting conclusion to draw from the chart—adapted from the one that appears in the IMF’s report—is that banks in Italy seem relatively more desperate for deposits than banks in Spain.

Another day, another post about Swiss banks.

Today, Credit Suisse reported a healthy net inflow of funds—some Swfr12.5bn—at its wealth management division during the fourth quarter of last year. This made the unexpectedly large outflow at rival UBS over the same period look even worse than it already did. Credit Suisse’s achievement was even more noteworthy given that it lost Swfr5.6bn in assets declared by customers in response to a tax amnesty by the Italian government.

For a flat 5% fee, the amnesty offered Italians a chance to repatriate undeclared funds with no questions asked. The offer was originally scheduled to expire in December, but after some €100bn in funds were declared—generating a tidy windfall for government coffers—it was extended until the end of April this year.

The effect of the amnesty has weighed on Swiss banks, particularly since markets got wind of the size of repatriated assets via a December statement from the Italian finance ministry. Credit Suisse was the last large Swiss bank to report fourth-quarter results, as well as the most adept at keeping Italian customers’ funds under its control. The bank said that around 66% of the funds declared under the amnesty remained invested with the group, versus 63% at UBS and 60% at Julius Baer.