Reuters reports that the European Banking Authority (EBA) wants banks to hold a minimum core Tier One ratio of 7 percent under a recession scenario, and those who fail will be asked to bolster their capital position, two banking sources told Reuters.
The data was requested on Friday and banks have been asked to submit it by the end of Tuesday, three sources said. The data is based on the end of June.
"A significant number of banks are expected to fail the stress tests," one of these sources said.
EU-Digest
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