EU Warns Of €135B Shortfall In Basel III Capital Buffers

Law360, London (July 3, 2019, 1:05 PM BST) -- Europe’s largest banks are facing a collective €135 billion ($152 billion) shortfall in the amount of capital they are required to hold by 2027 if they are to meet global rules aimed at making financial services more resilient, the bloc’s top banking regulator has said.

The European Banking Authority warned on Tuesday that the shortfall means lenders will have to boost the minimum amount of capital they hold by 24.4% to comply with the final Basel III rules, which are expected to be phased in from 2022 and in force by 2027.

The Basel Committee on Banking Supervision signed off the updated...

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