This report presents the results of its latest Basel III monitoring exercise. The Committee established a rigorous reporting process to regularly review the implications of the Basel III standards for banks, and it has published the results of previous exercises since 2012. Data have been provided for a total of 230 banks, comprising 101 large internationally active banks (“Group 1 banks”, defined as internationally active banks that have Tier 1 capital of more than €3 billion) and 129 “Group 2 banks” (ie representative of all other banks).
On a fully phased-in basis, data as of 30 June 2015 show that all large internationally active banks meet the Basel III risk-based capital minimum Common Equity Tier 1 (CET1) requirements as well as the target level of 7.0% (plus the surcharges on global systemically important banks – G-SIBs – as applicable). Between 31 December 2014 and 30 June 2015, Group 1 banks continued to reduce their capital shortfalls relative to the higher Tier 1 and total capital target levels; the additional Tier 1 (AT1) capital shortfall has decreased from €6.5 billion to €3.4 billion and the Tier 2 capital shortfall from €40.6 billion to €12.8 billion. Most of this Tier 2 capital shortfall is attributable to the G-SIBs in the sample, while the AT1 capital shortfall is fully attributable to the non-G-SIB Group 1 banks. As a point of reference, the sum of after-tax profits prior to distributions across the same sample of Group 1 banks for the six-month period ending 30 June 2015 was €307.2 billion.
The full report is available at http://www.bis.org/bcbs/publ/d354.htm
