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New Capital Requirements

Économiste Monétaire · 2010-03-30 20:05:31

The Financial Regulator's new capital requirements are here.

30-03-2010 8:05pm

#1

Économiste Monétaire

Closed Accounts Posts: 2,208 ✭✭✭

Join Date: March 2008

Posts: 2015

The Financial Regulator's new capital requirements are here.

A level of 8 per cent of core tier 1 capital to be attained by the end of this year is to be applied. This level of capital must be met after taking account of all future losses, from both NAMA and non-NAMA portfolios. This capital will be principally in the form of equity – a 7 per cent equity requirement. Equity is the highest quality form of capital, and the emerging international standard. In addition, further amounts, specific to each institution, are to be added on in the calculation of future loan losses. The new requirements also mean that banks cannot go below a level of 4% core tier 1 capital in a severely stressed scenario.

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