EBA makes first assessment of banks’ capital plans

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The European Banking Authority (EBA) on February 9 made a preliminary assessment of European banks' capital plans, and revealed that the majority of the 31 banks had submitted their strategies, as was asked of them last December.

The EBA's Board of Supervisors said that of the total capital shortfall of €114.7 billion the authority found at the end of last year, it had assessed the plans submitted by banks to cover a cumulative shortfall of €78 billion.

The remaining €37 billion would be met by

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