Basel Committee gives Brazilian capital standards the nod in new report

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Brazilian capital standards are compliant with Basel III rules, according to a report published today by the Basel Committee on Banking Supervision following a comprehensive assessment by the Regulatory Consistency Assessment Programme that included discussions with senior officials and staff at the Central Bank of Brazil, as well as commercial banks and an unnamed rating agency.

According to the committee, Brazil's implementation of the Basel capital framework aligns "closely" with the Basel II

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