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BCBS Statement: Basel Committee issues report on progress on resolution policies and frameworks

( July 6, 2011, 16:19 GMT | Official Statement) -- MLex Summary: Financial-centre countries have yet to improve the prospects of handling the failure of a multinational bank, despite some progress in strengthening national resolution regimes, the global banking standard-setting body said in a follow-up to recommendations last year.The following is the text of the statement. Click the attachment at bottom for the full report....

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