| Author (Person) | Jenkins, Patrick |
|---|---|
| Series Title | Financial Times |
| Series Details | 13.10.11 |
| Publication Date | 13/10/2011 |
| Content Type | News |
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José Manuel Barroso, President of the European Commission, outlined on the 12 October 2011 the broad terms of a compulsory recapitalisation for Europe’s leading banks, requiring 'a temporarily higher capital ratio', with restrictions on dividends and banker bonus payments in the interim. In response some leading European banks said they would rather sell assets than raise expensive new capital to meet compulsory demands from the European Union for higher capital ratios. Mr Barroso's proposals were announced as part of an initiative called 'A roadmap for stability and growth'. The roadmap outlined five areas of action that were seen to be interdependent and would need to be implemented together and as quickly as possible. The five areas were: |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
