U.K. banks would have to double their core capital to comply with higher requirements imposed by the Basel Committee on Banking Supervision, according to KPMG. In a new report on banking performance benchmarking, KPMG estimated that if the requirements had been in place in 2009, the 90 largest banks in the U.K. would have had to raise a combined £577 billion ($922.78 billion) to meet the Basel requirements, thus emphasizing the need to make capital raising a top priority this year.

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