The European Banking Authority presented on Monday 8 June new data on the robustness of the banking sector based on a snapshot taken 31 December 2019 to shed some light on its ability to withstand the economic crisis caused by the Covid-19 pandemic.
Applying the new prudential banking rules that have been provisionally implemented, the average fully loaded capital ratio (Tier 1) stood at 14.8% in the fourth quarter of 2019. Nearly three-quarters of the banks in the panel examined reported a...