The Basel Committee on Banking Supervision is proposing bolstered rules governing banks' exposure to one another to reassure markets and prevent the kind of contagion suffered during the global financial crisis. "This is to ensure that the large-exposures standard is effective and consistent for internationally active banks," according to the committee. "On this basis, breaches of the limit should be exceptional events, should be communicated immediately to the supervisor and should, normally, be rapidly rectified."

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