Banks increase capital as Basel III looms

08/28/2013 | Reuters

Regulators say banks have significantly improved capital levels in response to Basel III requirements forcing them to increase capital by the end of 2018. Basel III has been adopted by 25 of the 27 members of the Basel Committee on Banking Supervision. "These are positive developments that will help build a resilient banking system and improve public confidence in regulatory ratios," committee Chairman Stefan Ingves said.

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