The EU's top 42 banks need a further €70.4B ($95B) of capital to comply with Basel III core-capital regulations, the European Banking Authority estimates. The rules, which are due to take effect in 2019, require that banks hold a core-capital buffer of at least 7% of their assets on a risk-weighted basis. Banks will also need to maintain a leverage ratio of 3% of their total non risk-weighted assets from 2018. The shortfall for this requirement is €106.6B.
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