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Newsletter July/August 2012: EBA’s “temporary” 9% capital ratio to be kept

Simon Turmaine | July 24, 2012

LONDON – The “exceptional” and “temporary” core Tier 1 capital ratio of 9% that a block of European banks were required to achieve by June 30, is now likely to be permanent. This target ratio was set in December 2011, amid the worsening Eurozone sovereign debt crisis by the European Banking Authority (EBA), the London-based pan-EU supervisory watchdog.

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