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Basel Committee agrees to revisions to core principles

( February 29, 2024, 17:54 GMT | Official Statement) -- MLex Summary: Drawing on inputs from a range of stakeholders, the Basel Committee approved final revisions to core principles for effective banking supervision, which draw on supervisory insights and structural changes to the banking system since the previous update in 2012. The committee met in Madrid this month to take stock of recent market developments and risks to the global banking system, and to discuss a range of policy and supervisory initiatives.Statement follows in full. ...

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