EBA positive on capital buffer progress

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Banks in Europe have made good progress towards implementing a sufficient buffer of core Tier I capital, a report by the European Banking Authority (EBA) has found.

A total of 71 European banks took part in the exercise, which required them to achieve a 9% core capital ratio by June 2012. Of the initial group, 31 started from a position below the 9% target, but three of these banks were wound down and one, BFA-Bankia, was excluded due to a "fundamental restructuring" that is being overseen by

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