UK:
The Single Supervisory Mechanism - Mind The (Capital) Gap
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Background
In preparation for the Single Supervisory Mechanism (SSM), all
'significant' Eurozone banks are taking part in the
European Central Bank's (ECB) comprehensive assessment, with
results to be announced in October 2014.
The fourth in a series of papers on the SSM produced by the EMEA
Centre for Regulatory Strategy, this paper is designed to help
banks understand, plan for and manage the capital gap challenge
that may arise from the results of the assessment. Meeting this
challenge may expand beyond capital raising. Supervisors will also
consider underlying governance, policy, data and process issues
that may have contributed to the shortfall arising. Some
well-capitalised banks may be asked to tackle problem legacy
assets.
The paper draws together expertise from across Deloitte to
analyse the key aspects, likely stakeholder reactions and
feasibility of the various options available to banks looking to
address shortfalls against regulatory capital requirements. We make
the case for banks to take early, but considered, action.
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The Single Supervisory Mechanism - Mind the (capital) gap
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