Bank recap plans impressive: EBA
The European Banking Authority has hit out at suggestions that it would reject up to half the measures in bank recapitalisation plans, calling them “inaccurate and misleading”. The EBA said it had been impressed with banks’ efforts towards meeting the framework it set out in December, to reach a 9% core capital ratio by the end of June.
Banks submitted their plans to regulators last month, and they will be scrutinised not just by their own supervisors, but also by the EBA. The EBAs board of supervisors meets on Wednesday and Thursday, and more details on the recapitalisation exercise are expected after that meeting.
These reports purporting
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