Since the middle of 2007, Morgan Stanley has raised about twenty billion dollars in new capital and cut in half its leverage ratio-the total value of its assets divided by its capital.
"We agree capital requirements need to be raised but we would like to know what the total package will look like instead of having this piecemeal approach," a European banking industry official said.
The amount of capitalraised by China's 11 largest listed banks to meet the more stringent standards will total at least Rmb300bn ($44bn), according to estimates from BNP Paribas.