Basel III capital shortfalls could be ‘closed in three years’, says UBS

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Basel III capital shortfalls could be ‘closed in three years’, says UBS

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A general view of the offices of investment bank UBS in London as the Swiss banking group UBS revealed a rogue trader had cost it an estimated two billion US dollars (1.3 billion). | John Stillwell/PA Archive/PA Images

The Basel III reforms will create a 4% capital shortfall across the banking sector that could be covered in close to three years, according to analysts at UBS.

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