LONDON – The EU’s 50 largest banks would need an additional €263 billion ($350 bn) of Tier 1 common equity, in aggregate, to reach the new Basel III target ratio of 7%, if the new rules for higher and better-quality capital were to be implemented in full today. That is one key result of a quantitative impact study (QIS) of the Basel Committee’s proposed reforms to strengthen banks’ resilience to crises, undertaken by European supervisors.

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