ACI Dealing Certificate (#281)

Which one of the following statements correctly describes the increased capital ratios that will come into effect under Basel III?

minimum tier 1 capital of 4.5% and minimum total capital plus a conservation buffer of 10.5%
minimum tier 1 capital of 6% and minimum total capital including conservation buffer of 8%
minimum tier 1 capital of 4% and minimum total capital including conservation buffer of 10.5%
minimum tier 1 capital of 6% and minimum total capital including conservation buffer of 10.5%