Tue, 22 Oct 2013 14:46:04 GMT
European banks to have 8% of capital buffer
The European Central Bank plans to start checking Eurozone's banks for financial health of their balance sheets in early 2014. As the benchmark, the regulator will use a 7% capital buffer ratio. The ratio is calculated by dividing banks' capital on risk-weighted assets. Moreover, the biggest banks will be required to have an 8% ratio. The ECB is going to