Top banks cut shortfall on capital

The largest global banks cut the shortfall in the reserves they will need to meet Basel capital rules by €82.9bn in the second half of 2012, leaving a gap of €115bn.

“Shortfalls in the risk-based capital of large internationally active banks continue to shrink,” the Basel Committee on Banking Supervision said.

The biggest European lenders account for a large part of the remaining shortfall, according to data published by the European Banking Authority.