WASHINGTON - The Basel Committee on Banking Supervision on Friday released a report evaluating the 15 international accounting standards that apply to banks.International regulators found no problems with seven of the standards, which provide a foundation for determining a bank's health. Concerns about most of the other standards were minor.

However, the Basel Committee did conclude that International Accounting Standard 30 needs updating. That standard covers disclosures banks make on their financial statements, and the Basel Committee said more information should be released regarding a bank's risk exposures and risk management practices.

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