III for Basel III

The Basel III Capital Directive,
A liquidity crisis corrective,
Gives eight years for compliance
To banks and their clients
'Til new rules are fully effective.  

The Directive has caused a commotion
'mongst the banks on both sides of the ocean;
In percentage it leavens
From four up to seven
The equity capital quotient.  

The minimum equity score,
Now seven percent 'stead of four,
Will, the bankers all fear,
Make interest rates dear
When comparing with rates heretofore.