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World’s bank watchdogs told to deal with weak lenders fast
Zone(s): Global ¦ Sector(s): Banking
[19 June 2014, CITY A.M.] By Tim Wallace: Regulators across the world must be able to intrusively monitor banks permanently, not just in the wake of the crisis, international watchdog the Basel Committee said yesterday.
Each country’s authorities must be able to identify weak banks rapidly, by constantly monitoring key figures such as capital and liquidity posit-ions, it said in a consultation paper.