EBA publishes final report on the recapitalisation of European banks and paves the way for the transition to the CRDIV framework

04.10.2012
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Press Release

EBA publishes final report on the recapitalisation of European banks and paves the way for the transition to the CRDIV framework

The European Banking Authority discloses today the final report on its EU-wide recapitalisation exercise and the data on all individual banks. Overall, the exercise led to an increase of banks’ capital positions of more than €200bn. 27 banks with an initial shortfall that submitted capital plans have strengthened their capital position by €116bn. Considering the still challenging market environment, the EBA’s Board of Supervisors underlined the need for banks to maintain their capital levels in view of the implementation of the new regulatory framework. In this respect, the EBA will adopt a new Recommendation on capital conservation once the final CRD IV/CRR text is agreed.

Andrea Enria, Chairperson of the European Banking Authority said: “European banks have made significant progress in boosting their capital positions and in strengthening the overall resilience of the European banking system. With this recapitalisation exercise and a number of other EU-driven remedial actions, more than €200bn has been injected into the European banking system.” He added: “Banks are now in a better shape to finance the real economy but must continue on the path designed by the new regulatory environment. For this reason, the EBA will ask banks to draw up capital plans to ensure a smooth convergence to the upcoming CRD IV/CRR requirements”.

http://stress-test.eba.europa.eu/capitalexercise2012/PressReleaseRecapitalisationExercise.pdf

http:/www.eba.europa.eu/capitalexercise.aspx

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