Basle said "additional measures" could be used on non-compliant firms
Global bank regulator the Basle Committee
has issued a damning report on the progress made by large banks
to protect themselves from future financial shocks and outlined
a range of new requirements for the firms.
The Basle Committee on Banking Supervision
said on Wednesday: "Global systemically important banks
are increasingly aware of the importance of this topic and have
moved towards implementing the Principles. Nevertheless,
important challenges remain and it is expected that some banks
will still not meet the Principles on time."
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