Bank for International Settlements – BIS report highlights while Basel III reforms have strengthened the global banking system, warning flags indicate some large financial institutions may not be prepared for future crises. Key findings included a “€26 billion ($28.5bn) shortfall in Total Loss-Absorbing Capacity (TLAC) among two global systemically important banks (G-SIBs)” and a “liquidity shortfall reported by three major banks”. Alex Knight commented, “This report is a major wake-up call for financial institutions currently reassessing their approach to liquidity management,” via Finadium
