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European Banking Authority: The EBA details the EU measures to restore confidence in the banking sector

( October 26, 2011, 21:43 GMT | Official Statement) -- MLex Summary: A group of important European Union banks collectively needs more than 106 billion euros of capital to meet an elevated core capital ratio of 9 percent, after adjusting for stressed holdings of government bonds, under a preliminary assessment by the EU's banking authority.The text of the statement follows. Click http://eba.europa.eu/News--Communications/Year/2011/The-EBA-details-the-EU-measures-to-restore-confide.aspx# for the full statement in original format, including the table of estimated capital target buffers by country. At bottom, click the attachments for a note on the methodology of the assessments, and a memo in question-and-answer format....

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