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  • Bank Of England Statement On EBA Stress Test Publication

    Date 26/10/2014

    The European Banking Authority (EBA) has today published the results of its EU-wide stress test.  The 2014 UK stress testing exercise will build on the EU-wide stress test by exploring particular vulnerabilities facing the UK banking system.  As previously announced, the Bank of England will publish the results of the UK variant stress test on Tuesday 16 December.

  • Safer Banks Serving The Economy: The European Commission Welcomes The Publication Of The Results Of The EU-Wide Stress Test By The European Banking Authority And The Comprehensive Assessment By The European Central Bank

    Date 26/10/2014

    Since the onset of the financial crisis, major improvements in the EU regulatory framework, the level and quality of banks' capital and supervision have considerably strengthened the resilience of European banks. Today’s results of the EU-wide stress test and the comprehensive assessment, which represent the most intense scrutiny that banks have ever undergone in Europe, confirm overall this positive trend. It is also an important step towards an operational Single Supervisory Mechanism, which is a key component of the Banking Union.

  • EBA Publishes 2014 EU-Wide Stress Test Results

    Date 26/10/2014

    The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking sector and increase confidence. On average, EU banks' common equity ratio (CET1) drops by 260 basis points, from 11.1% at the start of the exercise, after the asset quality reviews' (AQRs) adjustment, to 8.5% after the stress. By disclosing these results, the EBA is providing unparalleled transparency into EU banks' balance sheets, with up to 12,000 data points per bank, an essential step towards enhancing market discipline in the EU. 

  • ECB’s In-Depth Review Shows Banks Need To Take Further Action

    Date 26/10/2014

    • Key results of comprehensive assessment of 130 largest euro area banks:

      • Capital shortfall of €25 billion detected at 25 participant banks

      • Banks’ asset values need to be adjusted by €48 billion, €37 billion of which did not generate capital shortfall

      • Shortfall of €25 billion and asset value adjustment of €37 billion implies overall impact of €62 billion on banks

      • Additional €136 billion found in non-performing exposures

      • Adverse stress scenario would deplete banks’ capital by €263 billion, reducing median CET1 ratio by 4 percentage points from 12.4% to 8.3%

    • Exercise delivers high level of transparency, consistency and equal treatment

    • Rigorous exercise is milestone for the Single Supervisory Mechanism starting in November

  • Cairo Amman Bank Weekly Economic Monitor

    Date 26/10/2014

    Click here to download Cairo Amman Bank's weekly economic monitor.