EBA says banks did not sell assets or cut lending due to 9% capital rule
The European Banking Authority (EBA) used the release of an update report today (July 11) to rebut suggestions European Union (EU) banks were forced to jettison assets at fire-sale prices and slash lending to meet its new minimum capital standards.
The EBA issued a recommendation last year that national authorities instruct EU banks to raise their core Tier 1 capital ratios to 9% – after accounting for additional buffers against sovereign risk holdings – within nine months. The banking regulator
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