Spanish banks are in a position to meet the new capital requirements

October 27, 2011
  1. With the information available to date on the new capital requirements, Spanish banks are in a position to meet them through their own means and within the established timeframes.
  2. In our opinion, the new capital requirements for European banks are arbitrarily high, deviate from established standards, generate uncertainty, and undermine the credibility of the various stress tests carried out and the parameters used in them.
  3. Questioning the risk-free asset quality of the debt of solvent Eurozone countries undermines confidence in them and weakens financial stability both at the national level and in the eurozone as a whole. 4. The most urgent task for European authorities remains to resolve the Greek crisis and ensure

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