Some of the eurozone’s biggest banks will need to raise more equity because of a clampdown on national exceptions to capital rules, the eurozone’s chief banking supervisor has forecast.
Danièle Nouy told the Financial Times that banks would have to raise more and better quality capital as a result of her new agency’s drive to harmonise more than 150 national variances in capital rules. Fresh legislation from Brussels is likely to also be needed, she added.
“Some banks still have to get more capital,” Ms Nouy, a former French central banker appointed last year to head the European Central Bank’s Single Supervisory Mechanism, said in an interview on Tuesday.