The aggregate shortfall in the capital of large, internationally active banks was €57.5 billion at December 2013 under the Basel III framework, the Basel Committee on Banking Supervision has reported.  This was down from an estimated shortfall of €115.0 billion at December 2012 Banks should have little difficulty closing the gap, given a combined net profit for the year ending 30 June 2013 was €456 billion.The Basel Committee study examined the financial position of 102 'group one' banks, including Australia's major banks. The average CET1, or core capital ratio for group one banks, was 9.5 per cent, compared with a CET1 target level of seven per cent.