Basel Committee oks new bank guidelines

ZURICH, Switzerland: The Basel Committee on Thursday approved an update of its banking supervision guidelines that includes risks from climate changes and the digitalization of finance. The changes to its "core principles for effective banking supervision" were approved at a meeting of some 220 central bankers and financial regulators on April 24 and 25 in Basel, Switzerland, it said in a communique. The Basel Committee in 2022 launched a review of its banking supervision principles to reflect changes affecting the …