Europe’s banks face tougher demands

Report of a FT interview with Andrea Enria, chairman of the European Banking Authority, July 2012.

His remarks raised the bar for banks' capital requirements, insisting that the 9% capital ratio they had to hit as a 'temporary buffer' by June 2012 is to become permanent. He said that 'capital conservation' was his priority, with the eurozone crisis persisting and the six-year phase-in of Basel III global capital standards set to begin in 2013.

ESO: Background information: European Banking Authority http://www.europeansources.info/record/website-european-banking-authority-eba/

ESO: Background information: EBA hails banks’ capital strengthening http://www.europeansources.info/record/eba-hails-banks-capital-strengthening/

---