Financial Stability Benchmarks 2024 report – seeking sounder banks
Banking regulation remains a work in progress for many central banks, but staffing is a problem
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Well over a decade on from the global financial crisis, banking regulation is still a work in progress in many jurisdictions. The 2023 banking sector turmoil was a reminder that all is not settled in terms of banking sector resilience, and indeed countries worldwide continue to put the finishing touches to Basel III implementation, even as further efforts continue worldwide to close loopholes in the rules and deal with emerging risks. The
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Rising AML/CFT risks reported in 40% of jurisdictions
But majority of central banks empowered and well equipped to mitigate risks