Bloomberg News

Banks Need ‘Significantly Higher’ Temporary Capital Ratio: EU

October 12, 2011

Oct. 12 (Bloomberg) -- Banks should be required to meet “a temporary significantly higher capital ratio of highest quality capital,” after accounting for “exposure” to possible losses, the European Commission said in a statement today on coordination of bank recapitalizations in the region.

Banks’ supervisors should check whether they can meet these higher reserve requirements, the commission said.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net


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