Higher buffers no problem for banks -fiscal watchdog

June 2, 2015 9:39 AM

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VIENNA, June 2 Higher systemic risk buffers for Austria's big banks are unlikely to pose problems for lenders, the head of the country's Fiscal Council watchdog said on Tuesday.

Bernhard Felderer told a news conference that banks had long known that regulators would impose an additional capital buffer on top of minimum levels and most already held the extra 2 percent cushion needed by the middle of next year.

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