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Despite Significant Progress, Capital Is Still A Rating Weakness For Large Global Banks Jan 11 Product Image

Despite Significant Progress, Capital Is Still A Rating Weakness For Large Global Banks Jan 11

  • Published: January 2011
  • Region: Global
  • Standard & Poors

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Abstract
Following a review, Standard & Poor's Ratings Services considers that the risk-adjusted capital (RAC) positions of large banks in mature markets around the globe are generally a rating weakness. Our opinion is consistent with the results of studies published last month by the Basel Committee and the Committee of European Banking Supervisors, which concluded that there is a significant capital shortfall under the Basel III computation rules for global banks compared with the final Basel III minimum requirements. Specifically, some of the 75 large banks included in the studies would need an additional €577 billion ($763 billion at the current exchange rate) to meet the final 7% minimum common Tier 1 ratio (see "Basel's Global Quantitative Impact Study Exposes Large...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures READ MORE >

- Credit Agricole S.A.
- Deutsche Bank AG
- Bank of America Corp.
- National Australia Bank Ltd.
- Wells Fargo & Co.
- PNC Financial Services Group
- Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)
- Royal Bank of Canada
- Toronto-Dominion Bank
- Australia and New Zealand Banking Group Ltd.
- Bank of Montreal
- The Bank of Nova Scotia
- BNP Paribas
- Danske Bank A/S
- Landesbank Hessen-Thueringen Girozentrale
- Skandinaviska Enskilda Banken AB (publ)
- Societe Generale
- Swedbank AB
- Westpac Banking Corp.
- Barclays Bank PLC
- Commonwealth Bank of Australia
- U.S. Bancorp
- Canadian Imperial Bank of Commerce
- The Hongkong and Shanghai Banking Corp. Ltd.
- Commerzbank AG
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- Morgan Stanley
- UniCredit SpA
- DBS Bank Ltd.
- Banca Monte dei Paschi di Siena SpA
- Standard Chartered Bank
- JPMorgan Chase & Co.
- Citigroup Inc.
- Nykredit Realkredit A/S
- Banco Santander S.A.
- The Royal Bank of Scotland Group PLC
- Raiffeisen Zentralbank Oesterreich AG
- Caja de Ahorros y Monte de Piedad de Madrid
- Credit Suisse Group AG
- Nationwide Building Society
- ING Bank N.V.
- The Goldman Sachs Group Inc.
- Banco Comercial Portugues S.A.
- HSBC Holdings PLC
- Caja de Ahorros y Pensiones de Barcelona (Unsolicited Ratings)
- Caisse Centrale du Credit Mutuel
- Bank of China Ltd.
- Industrial and Commercial Bank of China Limited
- Intesa Sanpaolo SpA
- United Overseas Bank Ltd.
- Oversea-Chinese Banking Corp. Ltd.
- Banco Bradesco S.A.
- Hang Seng Bank Limited
- Alpha Bank A.E.
- Banco Popular Espanol S.A.
- China Construction Bank Corp.
- Itau Unibanco Holding S.A.
- UBS AG
- Erste Group Bank AG
- Mediobanca SpA
- Banco Bilbao Vizcaya Argentaria S.A.
- Nordea Bank AB
- Banco do Brasil S.A
- Bank of China (Hong Kong) Ltd.
- Deutsche Postbank AG
- Lloyds Banking Group PLC
- Mitsubishi UFJ Financial Group Inc.
- Mizuho Financial Group Inc.
- Sumitomo Mitsui Financial Group Inc.
- BPCE
- KBC Group N.V.

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