Bloomberg News

EBA Capital Raising Plan for Banks Isn’t ‘Helpful,’ Mersch Says

November 25, 2011

Nov. 25 (Bloomberg) -- The European Banking Authority’s plans to make banks raise more capital isn’t helping economic growth, European Central Bank council member Yves Mersch said.

“It would be helpful if certain bank monitoring organizations such as the European EBA wouldn’t constantly push banks into a direction where they would be practically encouraged not to give any more money to the economies,” Mersch told Luxembourg radio 100.7 in an interview today.

--Editor: Matthew Brockett

To contact the reporter on this story: Ben Moshinsky in London at bmoshinsky@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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