Three “fiery” months for the recapitalization

14 February 2018
380 Views

Early in May, the results of the resilience tests of the Greek systemic banks are expected to be finalized.

Banks are required to finalize their estimates by February 21, whereas on February 28, they will have to submit all baseline and adverse scenario data for the exercise to the SSM. The SSM will assess the data and make comments. Based on those, banks will re-submit the data by March 19.

Thereafter, an ECB assessment will follow, during which the supervisor will finalize the latest “touches” and banks will have to submit the final figures on 2 April based on them. On Friday, May 4, the SSM Supervisory Board will meet to examine the results of the simulation exercise and agree on its findings.

Danièle Nouy expected in Athens and Stournara’s meetings

Developments on these issues are expected to be the subject of a meeting of the Governor of the Bank of Greece, Giannis Stournaras, with the banks’ administrations in view of the forthcoming arrival of the SSM chief Danièle Nouy in Athens, at the end of this month. According to information, tomorrow the administration of the Bank of Greece will have a meeting with the bankers in the Hellenic Banking Association to “measure” the data and the parameters of the endurance tests.

What banks are planning to implement over the next few months in reducing non-performing loans through regulation, sales and online auctions will the focus of the meeting with the Chair of the Supervisory Board of the European Central Bank, Danièle Nouy with bankers and with the Bank of Greece administration, on February 27-28 in Athens; she will then go to Delphi, in the framework of the annual Economic Forum.

Source: balkaneu

You may be interested

Turkey: “We will continue to protect the ‘Turkish minority’ in western Thrace”
WORLD
shares47 views
WORLD
shares47 views

Turkey: “We will continue to protect the ‘Turkish minority’ in western Thrace”

makis - Jan 18, 2019

Turkey’s Foreign Ministry spokesman stated in a press conference on Friday regarding the “Turkish minority” in western Thrace in Greece,…

Government plans to transfer Knossos and Leonidas’s tomb to Private Fund, archaeologists say
GREECE
shares31 views
GREECE
shares31 views

Government plans to transfer Knossos and Leonidas’s tomb to Private Fund, archaeologists say

makis - Jan 18, 2019

The Greek government plans to transfer 587 monuments and cultural buildings in 37 provinces across the country to the Hellenic…

Things to do with kids in Greece: Athens and the Greek Islands
GREECE
shares789 views
GREECE
shares789 views

Things to do with kids in Greece: Athens and the Greek Islands

Panos - Jan 18, 2019

With a rich history about one of the greatest civilizations on earth and a Mediterranean coast that draws attention to…

Leave a Comment

Your email address will not be published.