MS, JPM, WFC, GS, BAC, C and Basel III [ANALYSIS]Harrison Roger
How much is the Risk Capital Requirement of Basel III Going to Affect the Big 6?
The brainchild of certain banking regulators, Basel III is set to be imposed upon banks starting in 2013 and be fully phased in by 2019, with the overall estimated effect on global GDP of about -0.2 percent in its initial year. From the Federal Reserve’s and other financial regulator’s perspective, the $115 billion decrease in global output and the associated decrease in employment . . .
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