Europe’s banks face tougher demands

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Series Details 16.7.12
Publication Date 16/07/2012
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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.

Related Links
ESO: Background information: European Banking Authority
ESO: Background information: EBA hails banks’ capital strengthening

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