EBA recapitalisation exercise
The European Banking Authority (EBA) released a broad overview of the recapitalisation exercise results on 11 July 2012. This overview report is an interim stage in the EBA recapitalisation recommendation, with a detailed final report scheduled for publication in September.
To strengthen European banks’ capital positions in the wake of the European sovereign debt crisis, the European heads of state or government adopted a bank recapitalisation plan for the member states of the European Union on 26 October 2011. This plan is designed to boost investor confidence in banks’ resilience to further shocks in light of the exceptional market situation.