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According to a new Fitch special report, entitled 'IFRS and their Impact on the Chilean Banking System', the introduction of IFRS (International Financial Reporting Standards) should significantly increase transparency within the Chilean banking industry, facilitating the implementation of Basel II, particularly Pillar III ('Market Discipline'). In Fitch's opinion, the impact on balance sheets is expected to be lower for Chilean banks than it has been for most European banks, as Chilean banks ha...
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Research 
