Basel Committee Says Banks Are Nearing Capital Standards

Law360, New York (September 20, 2012, 2:25 PM EDT) -- The Basel Committee for Banking Supervision said Thursday that global banks are making headway toward new capital requirements but have a longer way to go in connection with liquidity standards, based on the results of its new study.

The committee found that the average Tier 1 capital ratio of large banks was 7.7 percent, well above the 4.5 percent minimum set by the Basel III accords, a global treaty on banking regulations agreed on following the financial crisis. An increase of €11.9 billion ($15.4 billion) would...
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