Basel mandates frequent data reporting to curb bank manipulation

The Basel Committee on Banking Supervision is imposing stricter data reporting requirements on banks—quarterly, monthly, and in some cases daily—to prevent data manipulation, overriding sector opposition. The measure tightens regulatory oversight of bank-reported figures, increasing compliance burdens and operational costs for global banks. The move signals a regulatory hardening post-manipulation scandals, with potential implications for bank profitability and market confidence.

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