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Basel says top banks meet global capital rules in full 

March 3, 2015

Huw Jones, Reuters

The world's leading banks have fully met new minimum capital rules almost five years ahead of time, the Basel Committee of banking supervisors said on Tuesday.

The 2007-09 financial crisis forced taxpayers to rescue banks, prompting policymakers to pass a set of tougher capital rules, known as Basel III, which take full effect in January 2019.

"Data as of 30 June 2014 show that all (98) large internationally active banks now meet the Basel III risk-based capital minimum requirements," the Basel Committee said in a statement.

The latest data signals that European banks in particular have caught up.

Read More: Reuters

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