Capital amount demanded of euro zone banks won't change with 'guidance': ECB

June 1, 2016 7:24 AM

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Capital amount demanded of euro zone banks won't change with 'guidance': ECB

FRANKFURT The total amount of capital that euro zone banks are expected to hold as a safety buffer would not change even if part of it was expressed as non-binding "guidance" by the watchdog, one of the European Central Bank's top supervisors said on Wednesday.

"This adjustment to the...concept would not change the total capital level; it would just be divided differently between requirements and guidance," Sabine Lautenschlaeger, who represents the ECB's supervisory arm on the bank's executive board, said.

Also read: ECB sets Banco Popular's 2017 capital level at 7.875 percent

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