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Association for Financial Markets in Europe: AFME publishes new proposals to secure financial stability

( September 22, 2010, 16:30 GMT | Official Statement) -- MLex Summary: The organisation for financial-market firms said the new capital standards, closer oversight and better corporate governances are needed to safeguard banks, so extra capital charges and other requirements shouldn't be imposed on the biggest and most important firms deemed to pose a risk to the broader economy.The Association for Financial Markets in Europe (AFME) today publishes its report, Prevention and Cure: Securing Financial Stability after the Crisis http://www.afme.eu/document.aspx?id=4326. The report considers progress made in reforming financial regulation since the 2008 crisis and proposes ideas for further steps that could be taken specifically to reduce systemic risk and to avoid taxpayers being called upon to support failed financial institutions in the future....

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