EBA to Release Bank Capital Shortfall Report

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

The European Banking Authority will publish report of how much capital lenders should raise to absorb losses from euro-area bonds.    The results of the stress are scheduled to be released today at 6 p.m. central European time.   The publication will coincide with the start of a European Union summit in Brussels that will address the region’s sovereign-debt problems.

Some of the German and Italian banks criticize the test methods and timing, arguing that EBA risks contributing to already existing tension in euro-area and it can further prevent the recovery of Europe.   

Earlier, EBA estimated that the financial institutions need 106 billion euros ($142 billion) to reach a goal of holding 9 percent of so-called core Tier 1 capital by mid-2012, after marking their sovereign debt to market prices.

Anna Timone (195 Posts)


Comments

  1. Hello Anna….where have you been until now?
    I read forexlive for almost 2 years now……first time i see you…..
    welcome :) ))

Speak Your Mind

*