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Banks' compliance with Basel data aggregation, risk reporting principles 'unsatisfactory'

( March 28, 2017, 16:14 GMT | Official Statement) -- MLex Summary: The world's 30 largest banks have to put together "clear roadmaps" to strengthen risk management practices, global regulators have said after finding that compliance with principles on risk data aggregation and risk reporting was "unsatisfactory." The Basel Committee on Banking Supervision said in a report that only one lender among global systemically important banks met the principles in full by the January 2016 deadline....

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