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EU Stress Test Shows 24 of 123 Banks Would Fall Below 5.5% CET1 Threshold: EBA

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Based on the findings of the examination, the European Banking Authority (EBA) stated that the overall shortfall would total 24.6 billion euros.

BRUSSELS, October 26 (RIA Novosti) - The European Banking Authority (EBA) published on Sunday the results of the 2014 Eurozone-wide stress test at 123 banks that revealed 24 banks had a cumulative capital shortfall and would drop below the 5.5% CET1 threshold under the adverse scenario, an EBA press release said.

“Over the three-year horizon of the exercise, 24 banks would fall below the 5.5% CET1 threshold and the overall shortfall would total 24.6 billion euros,” the regulator said in a statement.

The examination was carried coordinated by the EBA and carried out together with the European Central Bank (ECB), the European Systemic Risk Board (ESRB), the European Commission and all competent authorities across the Eurozone.

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