Basel III and European banking: Its impact, how banks might respond, and the challenges of implementation
| Report
Basel III will have significant impact on the European banking sector. We estimate that by 2019 the industry will need about €1.1 trillion of additional Tier 1 capital, €1.3 trillion of short-term liquidity, and about €2.3 trillion of long-term funding, absent any mitigating actions. The impact on the smaller US banking sector will be similar, though the drivers of impact vary.
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