Regulators endorse Basel core principles

Meeting in Mexico agrees on new Basel II principles

International banking regulators endorsed 25 updated Basel core principles for banking supervision at a meeting in Mexico in October. At the biennial International Conference of Banking Supervisors, central bankers and officials from 120 countries approved the new principles and discussed other financial issues, including the implementation of Basel II.

Changes include a new principle addressing risk management across all areas, and strengthened criteria for assessing interest rate, liquidity and

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