Sunday November 23, 2014 Search
Weather | Athens
18o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EBA to publish bank losses

The European Banking Authority will for the first time publish details of banks losses from fines and litigation when it releases the results of European Union-wide stress tests later this year.

As many as 12,000 data points per bank will be disclosed, including on their risk weighting of assets, sovereign debt holdings and the structure of capital holdings, the London-based regulator said in a statement on its website Wednesday. The EBA will include misconduct-related costs in its assessment of how much capital banks have raised or lost in 2014.

By disclosing data in a consistent and comparable way across the single market, the EBA will bring greater transparency to EU banks, contributing to enhanced market discipline of the entire EU banking sector, the agency said.

Fines and litigation have eaten in to banks provisions since regulators toughened their stance on conduct following the 2008 financial crisis. Barclays Plc, the UKs second-biggest lender, could face as much as 7 billion pounds ($11.7 billion) of litigation costs in the next four years, according to a report by Nomura International Plc last month.

This years stress test will be the third conducted across the EU since the sovereign debt crisis began. It will be the first to form part of the European Central Banks examination of lenders, known as the Comprehensive Assessment, as the ECB prepares to take over direct supervision of about 130 euro-area banks from BNP Paribas SA to National Bank of Greece SA in November. The EBA will also include a so-called fully loaded common equity tier one capital ratio when it publishes the stress test results. That takes into account all capital rules in place by 2019. [Bloomberg]

ekathimerini.com , Wednesday August 20, 2014 (20:16)  
Fitch keeps Greek rating at B, outlook stable
More cash for banks with same papers
Growth to fuel rise in revenues
Commercial property draws interest from investors
Cyprus on agenda in Biden visit to Istanbul
The prospects for the resumption of stalled peace talks on Cyprus and the issue of energy security were among the matters discussed on Saturday by US Vice President Joe Biden and Turkish gov...
PASOK nixes Papandreou leadership challenge
The junior coalition partner PASOK rejected over the weekend a proposal by the partys former leader and ex-premier George Papandreou for the party to call an emergency congress and a subseq...
Inside News
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japans image and economy following the triple blow of the earthquake, tsunami and nuc...
BASKETBALL
Big win for Greens, tight one for Reds
Panathinaikos scored a crucial as well as emphatic away win at Turow on Thursday that should see it qualify from its tough group to the top 16 of the Euroleague, while Olympiakos saw off vis...
Inside Sports
COMMENTARY
Is Europe paying attention?
Barack Obama brought hope to the entire world when he was elected president of the United States in 2009 and then again in 2012 for a second term. During his first visit to Europe, marked by...
EDITORIAL
A reasonable agreement
Greece cannot and should not allow itself to be left without a safety net to make up for any funding needs that may crop up after the end of the year. Without such protection it would be at ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Cyprus on agenda in Biden visit to Istanbul
2. PASOK nixes Papandreou leadership challenge
3. Troika tests govt nerves as budget rift persists
4. Climate change to hit farming, Greek coastline
5. Piraeus nightclub shooting leaves 3 seriously injured
6. London court to rule on extradition of former judge
more news
Today
This Week
1. PASOK nixes Papandreou leadership challenge
2. Piraeus nightclub shooting leaves 3 seriously injured
3. Climate change to hit farming, Greek coastline
4. Fitch keeps Greek rating at B, outlook stable
5. Cyprus on agenda in Biden visit to Istanbul
6. Troika tests govt nerves as budget rift persists
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Greece and Poland switch roles as young Greeks head to vibrant Eastern European country for better prospects
3. Anti-junta uprising anniversary to be marked amid tight security
4. Biden heads to Istanbul amid tension over Cyprus EEZ violation
5. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
6. Every age has its collaborators
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.