Top UK Banks May Need Extra $79 Billion As Basel 4 Emerges

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Mani
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The top eight U.K. banks could need to hold extra £50 billion ($79 billion) as the outline of Basel 4 emerges, KPMG warned in its recent report. Basel 3 implementation to safeguard banks Though regulators across the world have fast-tracked the Basel 3 implementation to safeguard banks against financial crisis, KPMG feels Basel 4 may emerge from the mist. Basel III by 2019 KPMG feels even though the original implementation deadline for Basel 3 is still a far-distant 2019, there are some strong signals that we are already moving beyond this to the emergence of next iteration of the capital…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports