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Basel Committee on Banking Supervision
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- 1Basel chief warns banking risks growing more interconnected▼Basel chief says risks becoming more interconnected as international cooperation wanes
The head of the Basel Committee on Banking Supervision said financial risks are becoming increasingly interconnected across borders just as international cooperation between regulators is weakening. He cautioned that fragmented oversight could leave the global banking system less able to spot and contain emerging threats. Reuters and Yahoo Finance both carried the remarks, which are being closely watched by banking and regulatory circles.