US banks face $150bn capital gap
The leading 35 US banks will be between $100bn and $150bn short of equity capital when the Basel III regulations come into force, the FT reports.
According to Barclays Capital, the six biggest banks will have the most significant shortfall.
The Basel III reforms will tighten the definition of what counts as tier one capital; and will force banks to increase the risk adjustment for big parts of their business.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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