Basel committee revisits 2002 guidance on 'weak banks'

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The Basel Committee on Banking Supervision (BCBS) has launched a consultation on its updated guidelines for identifying and dealing with weak banks, for the first time since 2002 – long before the financial crisis radically disrupted the way authorities think about bank supervision.

The committee said in a statement that the update was due "in light of the significant developments that have transpired in global financial markets and the global regulatory landscape since the financial crisis".

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