ECB reportedly set draft capital ratios for most supervised banks

The ECB's banking supervisory arm has set draft capital ratios for most of the 123 banks that it oversees in the eurozone, Bloomberg reported citing a person familiar with the decision. About 100 of the annual Supervisory Review and Evaluation Process plans for individual banks were signed off at a meeting of the board of the Single Supervisory Mechanism in Frankfurt on September 3-4, the source said according to Bloomberg. See also our cepBlog on the matter.