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Banks May Need $566 Billion to Plug Capital Gap, Fitch Says

Bloomberg - May 17, 2012

The world’s biggest banks may have to raise about $566 billion of common equity to meet rules on capital to be implemented by 2019, curtailing shareholder returns, according to analysts at Fitch Ratings.

The sum needed by the 29 global banks that regulators deem too big to fail is equivalent to about 23 percent of the lenders’ current $2.5 trillion of aggregate common equity, according to a report by analysts led by Martin Hansen in New York. The median lender could meet the requirements with three years of retained earnings, according to Fitch.

International banking regulators meeting under the aegis of the Bank for International Settlements in Basel are seeking to implement rules to prevent taxpayers being forced to rescue failing banks. As well as boosting capital requirements, they are instituting rules on leverage ratios and funding to ensure lenders can withstand future crises.

Read Full Article from Bloomberg

- Posted: 2012-05-17 12:14:19


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