Banks Move $112B Closer To Meeting New Capital Rules

Law360, New York (September 25, 2013, 1:55 PM EDT) -- Global regulators on Tuesday said that banks around the world moved closer to meeting new, raised capital standards in the second half of 2012, shrinking their shortfall by €82.9 billion ($112 billion).

That drop brought the 223 banks surveyed by the Basel Committee on Banking Supervision €1.5 billion closer to meeting capital levels mandated under the Basel III international banking accords than they were in June 2012.

“Data as of 31 December 2012 show that shortfalls in the risk-based capital of large internationally active banks continue...
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