Big Banks Cut Basel Shortfall by $112 Billion at End of 2012
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The largest global banks cut the shortfall in the reserves they’ll need to meet Basel capital rules by 82.9 billion euros ($112 billion) in the second half of 2012, leaving a gap of 115 billion euros.
“Shortfalls in the risk-based capital of large internationally active banks continue to shrink,” the Basel Committee on Banking Supervision said in a statement on its website. The biggest European lenders account for a large part of the remaining shortfall, according to data published today by the European Banking Authority.