About: Basel III
European banks face massive capital raising in challenging times
Europe will “faithfully” implement new international standards that will force its banks, struggling to regain investor trust, to raise around €135 billion in additional capital to face future crises, the European Commission said on Tuesday (12 November).Basel III reform ‘unlikely’ by G20 meeting
EU and industry officials say it is “unlikely” that Europe and the US will agree on new rules to strengthen the banking sector by the time of the G20 meeting in Hamburg on 7-8 July.Deutsche Bank sets sights on €8bn in capital hike
German banking powerhouse Deutsche Bank wants to beef up its capital reserves by selling off millions of new shares, as well as overhauling its business structure, in the wake of massive losses and international sanctions. EURACTIV’s partner Milano Finanza reports.European Parliament to side with banks and reject new Basel banking rules
The European Parliament is expected on Thursday (10 November) to announce that it does not intend to accept new international standards that would require banks to have greater capital reserves. EURACTIV’s partner Milano Finanza reports.