ECB slightly raises capital demands for euro zone large banks

October 19, 2015 1:19 PM

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FRANKFURT Oct 19 The European Central Bank has, on average, slightly raised the minimum capital level that it expects large euro zone banks under its watch to hold, the ECB's supervision chief said on Monday.

The ECB's Single Supervisory Mechanism (SSM) is deciding how much additional capital, known as Pillar 2, each of the bank under its supervision must hold in 2016, as well as setting a further buffer for globally significant banks.

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