On top of this, the capital surcharge we have proposed, which is designed to ensure the largest, most systemic banking organizations internalize the risk they pose to the system, is estimated to range from 1.0 to 4.5 percent of risk-weighted assets, based on 2013 data, over and above the 7 percent minimum and capital conservation buffers under Basel III.
It has 70 per cent of world’s production of cocoa; 50 per cent of speciality coffee; 12 per cent of tea; 10 per cent of world reserves of oil; 40 per cent of gold, 64 per cent of manganese, 33 per cent of uranium and, nearly 90 per cent of cobalt, chromium and platinum – and it has all this at a time when prices are rising steadily for such commodities, which are crucial to global development.