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The EBAs Board of Supervisors made a preliminary assessment of banks capital plans submitted in response to the EBAs Recommendation on recapitalisation on 9 February 2012. Their review highlights that, in aggregate, the shortfalls are expected to be met primarily through direct capital measures. The measures are not viewed as having a negative impact on lending into the real economy. The Board of Supervisors also agreed that, in the context of the ongoing recapitalisation exercise, the EBA would undertake its next EU-wide stress test in 2013.
The Board of Supervisors undertook a preliminary overview of the proposed measures highlighting the following:
- The total actions give a capital surplus of approximately 26%, creating some leeway...
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