Christine Lagarde
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IMF's Christine Lagarde: 'Inequality is rising'

Banking reforms aimed at preventing another financial crisis have failed to make enough progress, the head of the International Monetary Fund (IMF) has warned.

IMF managing director Christine Lagarde blamed a combination of the complexity involved, industry lobbying and "fatigue" for the delay.

Ms Lagarde also warned that a number of factors such as technology and the global economic crisis had contributed to growing inequality.

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