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Obbligazioni perpetue e subordinateTutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1
Seven banks failed the stress test. These included: one Germany bank, Hypo Real Estate; five Spanish lenders: Unnim, Cajasur, Diada, Espiga, Banca Civica; and one Greek bank, Atebank.
Seven banks failed the stress test. These included: one Germany bank, Hypo Real Estate; five Spanish lenders: Unnim, Cajasur, Diada, Espiga, Banca Civica; and one Greek bank, Atebank.
SNS Bank shows positive outcome of EU-wide extended stress test exercise
SNS Bank N.V. (SNS Bank), the Banking activities of SNS REAAL, was subject to the 2010 EU-wide stress testing exercise coordinated by the Committee of European Banking Supervisors (CEBS), in cooperation with the European Central Bank, and the Dutch Central Bank (DNB). The exercise was conducted using the scenarios, methodology and key assumptions provided by CEBS. As a result of the assumed shock under the adverse scenario, the estimated consolidated Tier 1 capital ratio would change to 10.8% in 2011 compared to 10.7% as of end of 2009. An additional sovereign risk scenario would have a negative impact of 0.3 percentage points on the estimated Tier 1 capital ratio, bringing it to 10.5% at the end of 2011, compared with the regulatory minimum of 4%. The results of the adverse stress test (including additional sovereign risk) suggest a buffer of € 1,099 million of the Tier 1 capital above the threshold of 6% of Tier 1 capital adequacy ratio for SNS Bank agreed exclusively for the purposes of this exercise. This threshold should by no means be interpreted as a regulatory minimum (the regulatory minimum for the Tier 1 capital ratio is set to 4%), nor as a capital target reflecting the risk profile of SNS Bank determined as a result of the supervisory review process in Pillar 2 of the CRD. In both the benchmark and adverse scenario, the rise of short-term interest rates would positively support SNS Bank’s pre-impairment income and, consequently, its capital ratios. The projected decrease of risk weighted assets arising from the announced winding down of the international portfolio of SNS Property Finance also has a positive contribution to the Tier 1 ratio. However, in both scenarios, the Tier 1 ratio is impacted negatively by higher impairments on retail loans and predominantly on commercial (real estate) loans at SNS Property Finance.