ECB extends capital relief for largest Eurozone banks
Continued relief on central bank assets will release additional €70 billion in Tier 1 capital, ECB says
The European Central Bank extended capital relief measures for the major eurozone banks it supervises for nine months today (June 18).
The ECB is allowing banks to continue excluding exposures from holdings of central bank assets from the leverage ratio it imposes on the eurozone’s biggest lenders. These assets include coins and banknotes, as well as deposits banks hold at the central bank.
This exemption was first granted in September 2020. It was set to expire on June 27, but the ECB has now
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