Arab Today, arab today eu countries agree on bolstering banks\ capital ratio to 9
Last Updated : GMT 08:36:26
Arab Today, arab today
Arab Today, arab today

EU countries agree on bolstering banks\' capital ratio to 9 %

Arab Today, arab today

Arab Today, arab today EU countries agree on bolstering banks\' capital ratio to 9 %

Moscow - Ria Novosti

European leaders have reached agreement on bolstering the capital ratio of its banks to 9 percent, in order to provide additional capital buffer amid the ongoing eurozone sovereign debt crisis, said Polish Prime Minister Donald Tusk late Wednesday. The ratio was decided on after taking into account the market worth of the banks\' sovereign debt holdings, said Tusk, whose country holds the European Union (EU) rotating presidency, at a press conference after the EU summit in Brussels. The prime minister gave no detailed figures for the total amount of fund needed for the bank\'s recapitalization, saying it was up to the European banking authorities to decide on. He also said that the recapitalization was a one-off move and that the banks would have to attain the capital ratio target by June 30 next year. Under the recapitalization plan, banks should first use private sources of capital, including through restructuring and conversion of debt to equity instruments. If banks are unable to raise enough fund themselves, national governments should provide support, according to a statement issued after the EU summit. \"When the national support is not available, recapitalization should be funded via a loan from the European Financial Stability Facility (EFSF),\" said the statement. In the meantime, the EU urged national supervisory authorities to ensure that banks\' plans to strengthen capital do not lead to excessive deleveraging, including maintaining the credit flow to the real economy. Tusk said, however, the success of the recapitalization plan depends on whether agreements can be achieved on other key elements of the rescue package. \"The bank recapitalization plan is just a precondition and an introduction for discussions on other key elements. The plan can\'t be seen in isolation and won\'t have a chance of success without the other key parts of the rescue package,\" Tusk told reporters. Each member state of the eurozone accepted the idea of the bank recapitalization, but \"I\'m cautious that all decisions could be adopted at today\'s eurozone summit, so we have to be patient,\" the prime minister said. At the ongoing summit, leaders of the eurozone member states were trying to narrow their differences on how to beef up the firepower of the EFSF, a 440-billion-euro bailout fund, and how much losses private holders of the Greek government bonds have to accept.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu countries agree on bolstering banks\ capital ratio to 9 Arab Today, arab today eu countries agree on bolstering banks\ capital ratio to 9

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday