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Banks receive principles on sectoral capital buffer from Basel Committee

( November 27, 2019, 10:24 GMT | Official Statement) -- MLex Summary: Banks have received guidelines on a sectoral countercyclical buffer — a voluntary tool that national authorities can use to impose additional capital requirements. The guiding principles were published today by the Basel Committee on Banking Supervision. The buffer complements the existing Basel III countercyclical buffer, and can be used to directly address the buildup of risk in a specific sector.The statement is attached....

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