Banks Closing In On New Global Capital Standards: Regulators

Law360, New York (March 19, 2013, 7:57 PM EDT) -- The world's largest banks are moving closer to reaching internationally agreed capital standards, but are still approximately $268 billion short of meeting the goal for the highest levels of quality capital that can withstand a serious financial shock, a global panel of bank regulators said Tuesday.

The Basel Committee for Bank Supervision said that the 101 largest banks in the world, each of which have at least $3.9 billion in total assets, would have to raise that additional $268 billion in order to meet a 7...
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