EU Banks Have €900 Million Basel III Capital Shortfall, EBA Says

The European Union’s banking sector as a whole has a Tier 1 capital shortfall of €900 million to comply with updated Basel III standards which are set to be gradually implemented by 2033, according to the European Banking Authority.

• “This means that the additional capital needed can easily be raised over the remaining period until full implementation,” the EBA says in statement on Monday in Paris
• Larger banks will see their capital requirements rise by more than smaller competitors, with the EBA highlighting:
  • An 8.6% increase for large and internationally active banks
  • Of which global systemically important institutions would see ...