The European Banking Authority (EBA) estimates that European banks will have to raise €24.5 billion in additional equity, including €6 billion in optimum-quality capital (CET 1), to comply fully with the 'Basel III' prudential framework up to 2027, according to two interim reports published on Thursday 4 October (see EUROPE 11921).
On the basis of data available at the end of 2017, minimum optimum quality bank capital requirements will increase by 16.7% when the 'Basel III' framework...