International Monetary Fund (IMF) Director of the Research Department Pierre-Olivier Gourinchas speaks at a news conference during the World Bank/IMF Spring Meetings at the IMF headquarters in Washington, April 11, 2023. (PHOTO / AP)

PARIS - The International Monetary Fund remains concerned about recent turbulence in the banking sector despite actions by the US and Swiss authorities to deal with troubled banks on their watch, its chief economist Pierre-Olivier Gourinchas said on Monday.

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Speaking to journalists in Paris, he added that "the story is not over" and that EU banks were not immune to problems as long as the bloc did not go further to complete long-discussed mechanisms to deal with failed banks.