A closer look at Dexia, The case of the misleading capital ratios:
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Brussels [Belgium]
CEPS Centre for European Policy Studies
2011
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| Schlagworte: | |
| Online-Zugang: | BSB01 |
| Beschreibung: | When first published, the results of the stress tests performed by the European Banking Authority (EBA) gave little evidence of Dexia's vulnerability. The test was based on the current criteria for Basel II capital (core Tier-1 ratio). Dexia was ranked 12th of the 90 tested banks, with a stressed core Tier-1 ratio of more than twice the benchmark of 5%. In turn, the equity ratio was only about 1.9%, representing one-sixth of the core Tier-1 ratio at year-end 2010. In other words, for every €53 in assets, the bank had only €1 in capital (see Table 1). Such a level of leverage is high, twice in fact the average of large EU banks.3 The leverage and difference with other large banks are largely explained by the calculation of the risk-weighted assets (RWA) and the definition of core Tier-1 capital, both of which painted an overly optimistic picture |
| Beschreibung: | 1 Online-Ressource (6 Seiten) |
Internformat
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| 500 | |a When first published, the results of the stress tests performed by the European Banking Authority (EBA) gave little evidence of Dexia's vulnerability. The test was based on the current criteria for Basel II capital (core Tier-1 ratio). Dexia was ranked 12th of the 90 tested banks, with a stressed core Tier-1 ratio of more than twice the benchmark of 5%. In turn, the equity ratio was only about 1.9%, representing one-sixth of the core Tier-1 ratio at year-end 2010. In other words, for every €53 in assets, the bank had only €1 in capital (see Table 1). Such a level of leverage is high, twice in fact the average of large EU banks.3 The leverage and difference with other large banks are largely explained by the calculation of the risk-weighted assets (RWA) and the definition of core Tier-1 capital, both of which painted an overly optimistic picture | ||
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| id | DE-604.BV049445909 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T23:12:48Z |
| indexdate | 2024-07-10T10:07:23Z |
| institution | BVB |
| language | English |
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| publishDate | 2011 |
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| spelling | DE GROEN, Willem Pieter Verfasser aut A closer look at Dexia, The case of the misleading capital ratios Willem Pieter DE GROEN Brussels [Belgium] CEPS Centre for European Policy Studies 2011 Frankfurt M. CEEOL 2011 1 Online-Ressource (6 Seiten) txt rdacontent c rdamedia cr rdacarrier When first published, the results of the stress tests performed by the European Banking Authority (EBA) gave little evidence of Dexia's vulnerability. The test was based on the current criteria for Basel II capital (core Tier-1 ratio). Dexia was ranked 12th of the 90 tested banks, with a stressed core Tier-1 ratio of more than twice the benchmark of 5%. In turn, the equity ratio was only about 1.9%, representing one-sixth of the core Tier-1 ratio at year-end 2010. In other words, for every €53 in assets, the bank had only €1 in capital (see Table 1). Such a level of leverage is high, twice in fact the average of large EU banks.3 The leverage and difference with other large banks are largely explained by the calculation of the risk-weighted assets (RWA) and the definition of core Tier-1 capital, both of which painted an overly optimistic picture Economic policy EU-Accession / EU-DEvelopment Financial Markets Fiscal Politics / Budgeting Central and Eastern European Online Library Sonstige oth |
| spellingShingle | DE GROEN, Willem Pieter A closer look at Dexia, The case of the misleading capital ratios Economic policy EU-Accession / EU-DEvelopment Financial Markets Fiscal Politics / Budgeting |
| title | A closer look at Dexia, The case of the misleading capital ratios |
| title_auth | A closer look at Dexia, The case of the misleading capital ratios |
| title_exact_search | A closer look at Dexia, The case of the misleading capital ratios |
| title_exact_search_txtP | A closer look at Dexia, The case of the misleading capital ratios |
| title_full | A closer look at Dexia, The case of the misleading capital ratios Willem Pieter DE GROEN |
| title_fullStr | A closer look at Dexia, The case of the misleading capital ratios Willem Pieter DE GROEN |
| title_full_unstemmed | A closer look at Dexia, The case of the misleading capital ratios Willem Pieter DE GROEN |
| title_short | A closer look at Dexia, The case of the misleading capital ratios |
| title_sort | a closer look at dexia the case of the misleading capital ratios |
| topic | Economic policy EU-Accession / EU-DEvelopment Financial Markets Fiscal Politics / Budgeting |
| topic_facet | Economic policy EU-Accession / EU-DEvelopment Financial Markets Fiscal Politics / Budgeting |
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