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Nowotny Attacks EBA
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Published: December 9, 2011; 15:12 ♦ (Vindobona)
The Governor of the Austrian Central Bank (OeNB), Ewald Nowotny, criticizes the high speed which EBA requires from banks to build up equity capital.
Nowotny Attacks EBA / Picture: © Vindobona.org
The European Bank Authority (EBA) determines that large banks in the EU have to build up their equity capital. A minimum equity threshold of 9.0% is required by mid-2012. For Nowotny, the deadline ends too early. This would cause an enormous pressure on banks, leading to further problems.
Yesterday EBA announced the results of the recent stress-test. Against the backdrop of the…
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