Rodrigo de Rato, the outgoing managing director of the International Monetary Fund, said on Monday that the recent banking crisis has exposed weaknesses and will hamper growth in the coming years.

Speaking in Washington, de Rato said: "Over the past few months, we have lived through an earthquake in the credit markets. Like most earthquakes, it has been distant for most people. But there is still a risk of aftershocks, and the full effects of the disruption we have already had will only be felt