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A sign for Bank Street and high rise offices are pictured in the financial district Canary Wharf in London

Global regulators propose tighter credit risk rules for banks

Reuters By Huw Jones LONDON (Reuters) - Global banking regulators have proposed a more comprehensive set of rules for banks to set aside capital to cover losses from their exposures to other lenders and limit fallout in a crisis. During the financial crisis some banks suffered big losses on their derivatives contracts due to weaker creditworthiness at banks on the other side of their trades. Si…