Regulatory adjustments disqualified one-fifth of large European banks' Common Equity Tier 1 instruments and reserves from counting as Basel III-eligible capital in 2018.
Aggregate CET1 capital held by the 11 global systemically important banks in the European Union stood at €811.9 billion ($911.9 billion) at end-2018. Post-regulatory adjustments this total dropped to €649.9 billion.
Banco Santander reported the widest gulf between its pre- and post-adjusted capital. The Spanish bank's