EU watchdog says banks face 135 billion euro capital shortfall By Reuters

LONDON (Reuters) – Major banks in the European Union would face a collective shortfall of 135 billion euros ($152.51 billion) to comply in full with global Basel III bank capital requirements by 2027, the bloc’s banking watchdog said on Tuesday.

This would mean a “conservative” 24.4% increase in capital overall, the European Banking Authority said in a statement. The EBA is finalizing its recommendations to the EU on how the remaining elements of the Basel III bank capital requirements should be implemented in the bloc.