Banks hit Basel III ratios early, says Fitch

By Tom Porter
31 Jan 2014

The global systemically important banks (G-SIBs) have collectively met their Basel III capital requirements five years ahead of time, according to a report from Fitch Ratings.

The US ratings agency’s analysis showed that based on data available for 27 of the 29 G-SIBs, the group had an average Basel III common equity tier one (CET1) ratio of 10.1% at the end of September last year. The Basel III requirements do not take effect ...

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