OwenSwansea wrote:Most EU Banks are in a parless state because they have not been recapitalised since the financial crash.
US and UK Banks have been recapitalised.
(PS. I think I am right in saying that Boris is a direct descendant of William the Conqueror, which should stand him in good stead in his negotiations with the EU.)
European banks have continued building a solid capital position and strengthening their balance sheets. The recapitalisation effort that European banks have made following the 2008 financial crisis makes the European banking sector more resilient and robust. Capital has continued increasing, with the core equity Tier 1 ratio of EU banks on a fully loaded basis, which includes only capital of the highest quality, at 13.8% in June 2017, 100 basis points more than the previous year and double the same ratio in December 2011.
Banks in the European Union have reduced the original total capital shortfall by more than €500 billion from 2011 mainly by raising new capital and retaining earnings. Tier 1 and total capital also continue showing a positive trend, doubling the same ratio in 2011.
In 2017, for the first time, the shortfall of all categories of capital was practically zero. All banks met the liquidity coverage ratio above the minimum. Also, the leverage and NSFR shortfalls continued to decrease to €2 billion and €51 billion, respectively.