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EU banks see updated laws on Basel III framework published in Official Journal

( June 19, 2024, 09:23 GMT | Official Statement) -- MLex Summary: The EU banking sector saw new rules updating the Basel III framework published in the EU Official Journal today. The updated law intends to further harmonize banking supervision and deepen the internal market for banking. It aims to improve the supervision of activities of third-country banks operating in the EU, as well as allowing competent authorities to identify, manage and monitor environmental, social and governance risks over short and longer terms.The legislation is attached....

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