Banks emerged relatively unscathed from global regulators' final batch of post-crisis capital rules, with few lenders needing to raise major new funds.
On Thursday, the Basel Committee on Banking Supervision issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause "no significant increase" of overall capital requirements, the regulator said. For some big banks, capital demands will actually decline.
The Bloomberg Europe 500 Banks And Financial Services Index rose as much as 2.9% on Friday. Danske Bank led the gains, followed by Credit Suisse Group, Societe Generale, Lloyds Banking Group and Credit Agricole.
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