from WallStForMainSt:

European Banks Face Large Capital Shortfall with Basel III Rules

VIDEO:

European banks could need as much as 400 billion euros ($442 billion) in capital to comply with new rules aimed at making the global financial system better able to bear potential losses, a study commissioned by the European Union’s banking lobby showed. Under the new rules, which are known as Basel III, an “output floor” would limit the extent to which a bank’s capital buffers, calculated according to the lender’s own risk models, can differ from levels where they would stand under more conservative standard models. November 21, 2019 Reuters Article About European Banks Here: https://mobile.reuters.com/article/am…