Update on the implementation of the capital exercise
JULY 11, 2012

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.

Read full EBA Press Release.

Update on the implementation of Capital Plans following the EBA’s 2011 Recommendation on the creation of temporary capital buffers to restore market confidence

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