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Subjects / Resolution and Recovery

Newsletter April 09: Basel initiatives will make banking more robust

Simon Turmaine | April 21, 2009

BRUSSELS – Taken together, the recent and planned initiatives of the Basel Committee should promote a more robust banking sector and limit the risk that weaknesses in banks amplify shocks between the financial and real sectors, the Committee’s chairman, Nout Wellink told Brussels lawmakers at the end of March. “Because our measures are far-reaching and ambitious, they will need to be phased in over a reasonable timeframe,” he added.

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