Arab Today, arab today big banks \closer\ to meeting new capital rules
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Big banks \'closer\' to meeting new capital rules

Arab Today, arab today

Arab Today, arab today Big banks \'closer\' to meeting new capital rules

Zurich - AFP

Large banks are making progress toward meeting their capital requirements under Basel III, the banking reforms imposed in a bid to avoid a repeat of the 2008 global financial crisis, a study found Wednesday. The Basel Committee, which monitors lenders\' progress on the new rules, said that at the end of last year the 101 big international banks in its study were 115 billion euros ($155 billion) short of their targeted capital cushion. Basel III requires lenders to have a capital cushion of at least 7.0 percent of the total risks they are carrying. Global regulators reached a deal on the new rules in September 2010, and they are being phased in from January 2013 to January 2019. The big banks\' shortfall was down from 197.9 billion euros in June 2012, the Basel Committee said in a statement. \"As a point of reference, the sum of after-tax profits prior to distributions across the same sample of Group 1 banks during 2012 was 419.4 billion euros,\" it said. The study also measured the banks\' compliance under new Liquidity Coverage Ratio (LCR) requirements. The LCR rules came into the spotlight in January when regulators agreed to give lenders a reprieve by broadening the definition of the minimum assets every bank needs to hold, making it less costly for them to maintain the required buffer. The Basel Committee found the big banks had a weighted-average LCR of 119 percent, up from 95 percent in its previous study, which used the old definition. The committee\'s report echoed the findings of a separate study by the European Banking Authority, which found the 42 largest European banks were 70.4 billion euros shy of the 7.0-percent capital cushion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today big banks \closer\ to meeting new capital rules Arab Today, arab today big banks \closer\ to meeting new capital rules

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today big banks \closer\ to meeting new capital rules Arab Today, arab today big banks \closer\ to meeting new capital rules

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday