July 2, 2019 / 1:18 PM / 15 days ago

EU watchdog says banks face 135 billion euro capital shortfall

LONDON, July 2 (Reuters) - Major banks in the European Union would face a collective shortfall of 135 billion euros ($152.51 billion) to comply in full with global Basel III bank capital requirements by 2027, the bloc’s banking watchdog said on Tuesday.

This would mean a “conservative” 24.4% increase in capital overall, the European Banking Authority said in a statement. The EBA is finalising its recommendations to the EU on how the remaining elements of the Basel III bank capital requirements should be implemented in the bloc.

$1 = 0.8852 euros Reporting by Huw Jones, Editing by William Maclean

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below