Credit Agricole, Natixis and other French banks emerged from the financial crisis relatively unscathed, but they could lack billions of euros in core capital needed to meet proposed requirements, according to Reuters. European banks likely would need about $65 billion to meet the Basel III proposals, according to a UBS study. French banks, however, appear to be more exposed than their counterparts in other European countries because of cross-shareholdings in cooperative and regional banks. The Basel rules could disqualify those holdings as core capital.

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