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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.