Basel Committee urges more simplicity in bank structures
The Basel Committee on Banking Supervision has called on regulators to push banks to simplify their structures to make them easier to wind up in the event of collapse.
Capital or other prudential requirements, designed to encourage banks to reduce complexity, could be imposed to prevent another Lehman Brothers-type resolution, the committee said. It pointed to Lehman’s 2,985 legal entities that operated in some 50 countries, which created problems for regulators and administrators once the
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