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​UK banks fault proposals to revamp too-big-to-fail criteria

( June 30, 2017, 14:41 GMT | Official Statement) -- MLex Summary: Representatives of UK banks have come out against global regulators' proposals to amend the criteria used to identify banks whose failure would put the wider financial system at risk. The British Bankers' Association also urged the Basel Committee on Banking Supervision to align rules on dealing with the failure of systemic lenders with broader resolution rules for the sector.The statement follows. The response is attached....

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