''Analysts at Fitch Ratings estimate the 29 global systemically important financial institutions, or G-SIFIs, need to raise $566 billion in common equity in order to satisfy new Basel III capital rules.
The amount is 23% more than the institutions’ aggregate common equity of $2.5 trillion and will impact their return on equity. Together, they represent $47 trillion in total assets.
Basel III sets higher levels for capital requirements while introducing a new global liquidity framework. It is designed to ensure systemically significant banks possess enough capital to cover future risks, enhancing the regulatory framework adopted by Basel II.
The United States is making little progress in meeting those requirements.''
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