World's biggest banks $60bn closer to Basel III target
Internationally active banks $20bn short of Basel III target, compared with $80bn six months earlier
The world's 102 biggest banks were roughly $20 billion short of capital targets under Basel III in December, compared with $80 billion in June 2013, according to figures published today by the Basel Committee on Banking Supervision.
"Most large internationally active banks now meet the Basel III risk-based capital minimum requirements, and capital shortfalls have been further reduced," the committee said.
The body periodically reviews the implications of the Basel III standards for more than 225
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