Basel has published the results of its third monitoring exercise of banks’ compliance, as of 30 June 2012, with the Basel 3 standards that will apply fully from 2019. The 101 larger banks monitored fell €208.2 billion short of the 7% Core Equity Tier 1 target. Their leverage ratio stood at 3.7% and Net Stable Funding Ratio at 99%. In a parallel survey EBA has found that of the shortfall in Core Equity Tier 1, €112.4 billion corresponds to the 44 European banks who responded. (Source:Results of the Basel 3 Monitoring Exercise as of 30 June 2012 and EBA Basel 3 Monitoring Exercise