Feb. 2 (Bloomberg) -- Germany’s banks are set to reach the European Banking Authority’s capital requirements on their own, according to German financial regulator Bafin.
“The plans the institutes have presented to us show that they should be successful in reaching the EBA’s recommended capitalization on their own strength,” Elke Koenig, president of Bafin, said in a speech in Frankfurt today.
The EBA’s new capital rules require euro-area banks to achieve a 9 percent core Tier 1 capital ratio by the middle of this year.
--Editor: Ben Livesey
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