Basel Committee publishes latest Basel III monitoring results: The results of the latest Basel III monitoring exercise show that shortfalls in Common Equity Tier 1 (CET 1) capital among large internationally active banks continue to shrink. Their average liquidity coverage ratio (LCR) has decreased. For smaller banks, there have been increases. The results are based on data as of 30 June 2013 and assume full implementation of Basel III at that point in time. EBA has also published the outcome of the exercise for European banks. (Source: Basel III Monitoring Results Published by the Basel Committee and EBA Publishes Results of the Basel III Monitoring Exercise)