The EBA announces the benchmark to be used in the 2011 EU-wide stress test
News release: “The European Banking Authority (EBA) today agreed to adopt a benchmark of Core Tier 1 (CT1) against which to assess banks in the 2011 EU-wide stress test. The CT1 benchmark will be set at 5% of risk weighted assets. This CT1 definition will be used solely for the purpose of the EU-wide stress …