ZURICH, Oct 11 (Reuters) - The Basel Committee on BankingSupervision on Thursday published a regulatory framework fordomestically important banks, saying the failure of such a bankcould greatly impact a country's economy and financial system.
The move following rules on globally important banks issuedlast November.
"The failure of such a bank could have a much greater impacton its domestic financial system and economy than that of anon-systemic institution," it said. "Some of these banks mayhave cross-border externalities, even if the effects are notglobal in nature."
Banks identified by national regulators as domesticallyimportant would be required to comply with the principles inline with the framework for globally important institutions,from Jan. 2016, the Basel Committee said.
(Reporting by Catherine Bosley)
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Keywords: BIS BASELCOMMITTEE/DSIF