Basel III capital shortfall shrinks to €8bn

G-Sibs responsible for 77% of the aggregate deficit

Global lenders are just €7.9 billion ($9.2 billion) short of the capital they need to comply with Basel III on a fully loaded basis from 2028 onwards, figures from the Basel Committee for Banking Supervision (BCBS) shows.

Group 1 banks – internationally active firms with more than €3 billion in Tier 1 capital – will need to raise €6.1 billion in aggregate to meet their end-state capital targets.

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The group had a Common Equity Tier 1 (CET1) capital shortfall of €6.9 billion as of June

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