Regulators and central bankers who met in Switzerland last week to discuss a far-reaching set of global banking rules said they are on track to nail down an accord by this fall.

The group of policymakers from 27 countries, known as the Basel Committee on Banking Supervision, said Friday it would present a set of "concrete recommendations" later this month.

The package likely will require banks worldwide to thicken their capital buffers, hold more liquid funding and cut down on the use of leverage in a bid to fortify the banking system and avoid a repeat of the recent financial crisis.

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