Новости рынков | Стресс-тесты (подробности отчёта)

 
Results of the 2011 EU-wide stress test

The European Banking Authority (EBA) published today  the results of its 2011  EU- wide  stress test of 90 banks in 21  countries 1. The aim of the 2011 EU-wide stress  test  is  to  assess  the  resilience  of  the  banks  involved  in  the  exercise  against  an adverse but plausible scenario.
For  the  2011  exercise,  the  EBA  allowed  specific  capital  increases  in  the  first  four months of 2011 to be considered in the results.  Banks were therefore incentivised to strengthen their capital positions ahead of the stress test.

The 2011 EU-wide stress test results show that:
  At the end of 2010, twenty banks would fall below the 5% Core Tier 1 Ratio (CT1R)  threshold  over  the  two-year  horizon  of  the  exercise.  The  overall shortfall would total EUR 26.8 bn.
  Between January and April 2011, a further net amount of some EUR 50 bn of capital was raised.
  Taking  into  account  these  capital  raising  actions  implemented  by  end  April 2011

  Eight banks fall below the capital threshold of 5% CT1R over the two-year time horizon, with an overall CT1 shortfall of EUR2.5 bn. 
 Sixteen banks display a CT1R of between 5% and 6%.

On  the  basis  of  these  results,  the  EBA  has  also  issued  its  first  formal recommendation  stating that  national  supervisory  authorities should  require banks whose CT1R falls below the 5% threshold to promptly remedy their capital shortfall. The EBA notes that this is not sufficient to address all potential vulnerabilities at this point.  Therefore,  the  EBA  has  also  recommended  that  national  supervisory authorities request all banks whose CT1R is above but close to 5%, and which have sizeable exposures to sovereigns under stress, to take specific steps  to strengthen their  capital  position.  These  would  include,  where  necessary,  restrictions  on dividends,  deleveraging,  issuance  of  fresh  capital  or conversion  of  lower-quality instruments into Core Tier 1 capital.
The  EBA  will  monitor  the  implementation  of  these recommendations  and  produce progress reports in February and July 2012.  
The 2011  EU-wide  stress  test  provides  an  unprecedented level of  transparency on banks’  exposures  and  capital  composition  to  allow  investors,  analysts  and  other market participants to develop an informed view on the resilience of the EU banking sector.