Top UK Banks May Need Extra $79 Billion As Basel 4 Emerges

The top eight U.K. banks could need to hold extra £50 billion ($79 billion) as the outline of Basel 4 emerges, KPMG warned in its recent report. Basel 3 implementation to safeguard banks Though regulators across the world have fast-tracked the Basel 3 implementation to safeguard banks against financial crisis, KPMG feels Basel 4 may emerge from the mist. Basel III by 2019 KPMG feels even though the original implementation deadline for Basel 3 is still a far-distant 2019, there are some strong signals that we are already moving beyond this to the emergence of next iteration of the capital…