The Basel Committee has published the results of its latest Basel 3 monitoring exercise, which assume full implementation of Basel 3 based on data as of 31 December 2012. The European results, also published by EBA, show that, on average, the shortfall in Core Equity Tier 1 capital has been reduced by more than a third since the previous exercise, and that the full liquidity coverage requirements are already met. (Source: Basel Committee Basel 3 Monitoring Results and EBA Basel 3 Monitoring Results)