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EU's Basel carveouts should be scrapped for stability's sake in wake of SVB panic, Dutch paper says

EU carveouts from globally agreed updates to banking standards should be scrapped to protect the bloc’s financial stability, Dutch officials have said, citing market panic that saw the collapse of Silicon Valley Bank last month. 
In a paper distributed to EU governments ahead of a meeting of EU finance ministers

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Kathryn Carlson

Financial Services Correspondent, Europe

Kathryn is a correspondent leading EU financial services coverage for MLex in Brussels. She previously covered energy and trade as a reporter for MLex, and has written for Reuters and The Times of London among other outlets. Kathryn holds a degree in English Literature from the University of Oxford and spent time working in Italy and France before making the move to Brussels.

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