Oct. 27 (Bloomberg) -- Rabobank Groep Chief Financial Officer Bert Bruggink said he has “mixed feelings” on the European Banking Authority’s new requirement for banks to hold 9 percent in core capital after sovereign debt writedowns.
“We all agreed it would be good to get to 9 percent,” he said in a phone interview with Bloomberg News today. “But the way it’s done is a bit forced. That may have side effects we can’t oversee yet.” It’s good news that EBA has concluded all Dutch banks meet the 9 percent-target, Bruggink said.
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