Global Regulators Want To Rein In Bank Exposure Limits

Law360, New York (March 26, 2013, 3:15 PM EDT) -- International banking regulators on Tuesday said they want to impose tight limits on the amount of business a large, international bank can do with any single similar company as a way of preventing the failure of one bank spreading to others.

The Basel Committee on Banking Supervision, a panel of regulators from 27 nations including the U.S. and U.K., said that the financial crisis of 2007-09 and the current eurozone crisis have shown how excessive exposure to a single counterparty can leave banks at risk of...
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