The largest global banks would have needed an extra 485.6 billion euros ($639.5 billion) in their core reserves to meet Basel capital rules had the standards been enforced last June.
The 212 lenders surveyed would have needed to find a combined 1.76 trillion euros in easy-to-sell assets to meet a minimum liquidity rule set by the Basel Committee on Banking Supervision, the group said today in a statement on its website. The measures are scheduled to be phased in by 2019.
