CEBS organises a hearing on own funds

CEBS is about to finalise its empirical work on the definition of own funds across the EU. CEBS has been asked by the European Commission to check whether further convergence can be achieved in this area and to this end, CEBS is keen on having an open discussion with all interested parties on the concerns raised by the current regulatory definition of capital and on the range of views as to where convergence should be sought. CEBS is therefore organising an open hearing on 11 June 2007 in London.

Update on the implementation of the capital exercise

The European Banking Authority published today an overview report on the implementation of the capital exercise. In line with the EBA’s Recommendation, the vast majority of the banks in the sample meet the required ratio of 9% Core Tier 1 (CT1). For the few banks that were not fully able to meet the capital level using private sources, backstop measures are currently being implemented to ensure they are in line with the EBA’s Recommendation. While the market environments remain challenging, the overall resilience of the European banking system has improved, without any significant adverse impact on lending into the real economy.

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