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.
To download a copy, please click on the link below.
Download the report (PDF-594KB)