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By mandating banks to hold more capital in reserve, Basel III’s goal is to improve the stability and solvency of financial institutions, alongside reducing the possibility of bank failures during periods of economic turmoil.
As a result of this unprecedented social and economic uncertainty, we are counseling clients interested in mitigating impacts of COVID-19. of deals in 2007). Precedent set by other countries that have effectively slowed the spread of COVID-19 would suggest that more sweeping preventative measures may be on the horizon.
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