European banks may need billions of extra capital under new rules
Originally posted by 5corpio
Europe's largest banks could be forced to raise billions in extra capital after regulators imposed a fresh set of requirements on the Continent's largest lenders.

Experts have warned that so-called "global systemically important" financial institutions (GSIFIs) will need to hold up to 2.5pc in additional capital from 2018 under plans agreed by international regulators at the weekend.

The requirements, which are designed to reduce the "moral hazard" of banks being "too big to fail", are subject to a further 1pc charge for the largest institutions and come on top of the Basel III rules already being phased in from 2013. These will place a 7pc minimum core capital requirement on all...Read more on story: European banks may need billions of extra capital under new rules - Telegraph