The European Central Bank (ECB) published the results of a thorough year-long examination of the resilience and positions of the 130 largest banks in the euro area as of 31 December 2013. The comprehensive assessment—which consisted of the asset quality review (AQR) and a forward-looking stress test of the banks—found a capital shortfall of €25 billion at 25 banks. Twelve of the 25 banks have already covered their capital shortfall by increasing their capital by €15 billion in 2014. Banks with shortfalls must prepare capital plans within two weeks of the announcement of the results. The banks will have up to nine months to cover the capital shortfall.
Meet FRTB Regulatory Demands while Future-Proofing your Risk Management & Compliance Infrastructure Die neuen Regelungen im Rahmen des Fundamental Review of the Trading Book (FRTB)…Download whitepaper