( September 30, 2026, 14:05 GMT | Official Statement) -- MLex Summary: Strong banking regulation has not made strong supervision less important, said Erik Thedéen, the chair of the Basel Committee on Banking Supervision and governor of Sweden's central bank. In a speech, he said the 2023 banking turmoil showed how institutions meeting capital and liquidity requirements could still harbor weaknesses in governance, risk management and business models. Basel III has made banks more resilient, but supervisors must identify vulnerabilities early, he said, adding that they must also modernize by building expertise in technology, artificial intelligence, cloud dependence and cybersecurity. Speech attached. ...
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