The impact of changes to the banking prudential rules ('Basel IV') would force EU banks to raise an additional €860 billion in optimum quality capital ('CET1'), according to the European Banking Federation (EBF).
The sum of €860 billion represents a 55% increase on the €1,574 billion in own funds that the European banks were obliged to raise in order to consolidate their balance sheets to come into line with the so-called 'Basel III' rules, set in place after the financial crisis of...