Capital Shortfalls in SSM Banks: How Much Progress Has Been Made?

05-10-2015

The 2014 Comprehensive Assessment by the ECB identified and made public capital shortfalls at 25 major European banks. The banks concerned were required to submit a capital plan to the ECB and the national Competent detailing how the capital shortfall would be filled. Capital plans were to be implemented within six resp. nine months after 26 October 2014. Now that this time has passed, we examine the progress made by the banks required to take action. We also evaluate how far the Comprehensive Assessment achieved its objectives.

The 2014 Comprehensive Assessment by the ECB identified and made public capital shortfalls at 25 major European banks. The banks concerned were required to submit a capital plan to the ECB and the national Competent detailing how the capital shortfall would be filled. Capital plans were to be implemented within six resp. nine months after 26 October 2014. Now that this time has passed, we examine the progress made by the banks required to take action. We also evaluate how far the Comprehensive Assessment achieved its objectives.