Less than 2.44% in 2018. in the case of “adverse scenario”, configurable as a conjunction between the fall of the Italian GDP by almost 6% over the next three years, an overall depreciation of the home values and a major rating downgrade on government bonds. Montepaschi is voted down, with a differential of more than 14 percentage points of the current value. Unicredit exceed the test (7.10%), Ubi (8.85%) and Banco Popolare (9.0%) than in the case of the financial crisis have a 2018 Cet 1 still below the European average of 9.4%, the ratio between the total capital and risky investments. Promoted Intesa Sanpaolo with a Cet 1 of 10.21% in 2018. MPS was the worst in Europe in trying under EBA effort that has monitored the whole 51 institutions, excluding those of Greece and Portugal are considered countries with a banking system still rather fragile. But the Tuscan bank was special un’osservata, as Spain’s Santander (with a 1 Cet in a crisis 8.2%), Germany’s Deutsche Bank (7.8%, but with the most marked deterioration compared to 2015 due to its exposure to derivatives), the French BNP Paribas (8.51%) and the British Barclays (7.3%). These, unlike the institute Siena, systemic defined for potential global effects on failure according to Sifi designation.
the report cards
a country level is Italy suffered the most with an average capital ratio of 7.7% in case of adverse worse scenario, Spain (8.6%), the UK (8.5%), Germany (9.5%) and France (9.7%). The results of stress tests carried out by the authority led by the Italian Andrea Enria, were released yesterday at 21 in the City, pending the closure of Wall Street to prevent overseas is registrassero kickbacks. Here from the 46th floor of ‘ One Canada Square , which is home to the EBA is not known yet as a result of the vote that sanctioned the release of Britain by the European Union is imposing the staglieranno buildings of the largest banks in the world. Opposite is the JPMorgan Chase skyscraper, side Citigroup, next to HSBC. The report cards EBA report – net of Montepaschi subject however to a rescue plan agreed with the European Central Bank – Performance of the tricolor institutions in line with the rest of Europe. Interested spectator yesterday was the Eurotower.
the picture of the health status
Just in Frankfurt every year, in autumn, are broadcast Srep requirements, the result of a review and evaluation process prudential ECB that puts under observation the balance sheet of the institutions and their risk management. The Eba assessments, obtained by extrapolating data over 20 thousand, this time will not be directly preparatory to subsequent recapitalizations. Photographing the banking system health, identifying elements of weakness, but without indicating the possible recipes. In the interests of transparency for investors, given the homogeneity of the parameters. They represent a good database to which the ECB will draw to encourage banks to undertake course corrections or, conversely, to lighten the constraints for the distribution of dividends to shareholders. In November, the European Supervisory had indicated to management of Montepaschi to maintain the minimum capital requirement of 1 Cet on a consolidated basis to 10.2% until the end of 2016 and raise it to 10.75% as of 2017.
the model for evaluating
At this time have affected the slightly uneven valuation model than the one used in the last stress test two years ago. With greater importance assigned to the burden of suffering, such as the 27 billion maturity claims no longer collectable in belly Mps. The match of the stress tests has actually affected other 80 banks under the supervision Ssm, for which the ECB has conducted independently a simplified examination, the results of which will remain for the most confidential. Mediobanca, one of the examined banks, has decided to communicate their Cet 1 in 2018, in case of a negative scenario, all’11,46%, higher than the Srep requirement now amounted to 8.75%. A choice of transparency towards the market. Awaiting the results of the stock market.
July 29, 2016 (amendment July 30, 2016 | 12:36)
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