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Basel Seeks Stiffer Capital Rules For Asset-Backed Securities

By Evan Weinberger (December 18, 2012, 2:19 PM EST) -- The Basel Committee on Banking Supervision on Tuesday said it aims to push banks to hold back more capital to cover potential risks posed by asset-backed securities in their portfolios, saying that banks and national regulators rely too heavily on mechanical tests when determining the amount of capital to hold....

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