Capital 'shortfall' near nil for G-SIBS
The average capital ratio of large internationally active banks "continued to rise in the first half of 2016, while the capital shortfall declined further," the Basel Committee on Banking Supervision said in a report last night.Back in 2012, the world's largest and most active banks needed €208.2 billion to meet emerging global standards, a figure cut by more than two thirds over the following year.By mid 2014, the G-SIB capital shortfall narrowed to €15 billion, a number that faded over 2015.In an update ahead of the Hamburg summit of the group of 20, the BCBS did not state a clear number for the shortfall but a bar chart in the report suggests it is now near zero.The weighted average Basel III leverage ratio for large internationally active banks was 5.6 per cent the BCBS said.