`Brexit' Risks Leaving European Banks With $123 Billion to Cover

  • Lenders may have to dump some securities if Britain leaves EU
  • Bonds may no longer meet liquidity requirements under Basel

'Brexit' May Leave EU Banks in Credit Hole

If Britain decides to leave the European Union, a corner of the credit market may depart with it and European banks could be left having to replace as much as 108 billion euros ($123 billion) of securities.

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