European banks to have 8% of capital buffer

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
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 announce its final testing methodology on Wednesday.
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Tue, 22 Oct 2013 15:08:08 GMT

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