17
December
Basel reveals liquidity gap for biggest banks
17 December 2010 The Financial Times
The world’s biggest banks have a combined €1,730bn ($2,287bn) gap in liquid investments that they must fill within four years, according to the Basel Committee on Banking Supervision, the international banking watchdog.
Under the Basel III rule book, finalised by the committee on Thursday, 91 of the world’s biggest banks – tested in an impact assessment – also have a €577bn capital shortfall compared with the new 7 per cent headline number for equity tier one capital, a measure of financial strength.
http://www.ft.com/cms/s/0/d2f0a056-0941-11e0-ada6-00144feabdc0.html
