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BCBS Statement: Basel Committee issues recommendations for strengthening cross-border bank resolution frameworks

( March 18, 2010, 16:06 GMT | Official Statement) -- MLex Summary: International bank standard-setters published final recommendations on supervisory tools and company practices to provide for an orderly resolution in the event of the failure of a financial firm significant enough to put broader markets at risk. The recommendations, little changed from a September proposal, include using capital requirements or other rules as an incentive for firms to simplify their corporate structures.The Basel Committee on Banking Supervision today issued its final Report and Recommendations of the Cross-border Bank Resolution Group....

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