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The Basel Committee at 50

· Agustín Carstens, General Manager of the Bank for International Settlements (International)

Summary written by Dark Majestic in its own words · topics: financial stability, banking regulation and supervision, technology, ai and cyber risk

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· Agustín Carstens Wiki · Bank for International Settlements WikiThe Basel Committee at 50

ContextEvening speech in Basel at a special International Conference of Banking Supervisors marking the Basel Committee's 50th anniversary; the BIS serves central banks worldwide and hosts global standard setters.

Why it mattersCarstens reviews fifty years of global bank standards and new digital risks.

Problems raised
  1. Banking stability needs global rules.
  2. Digitalisation brings new risks.
  3. Supervisors must adapt.
Solutions proposed
  1. Build on 50 years of Basel Committee work.
  2. Address digitalisation for banks and supervisors.
  3. Keep strengthening resilience.
Read full speech on bis.org ↗

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