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スペインの銀行の外部監査会社のOliver Wyman, Roland Bergerによる資本増強の資金注入の融資額は当面の所620億0000'0000ユーロだが、各銀行の融資額は2012年9月に判るよう、{結局、最高2700億0000'0000ユーロ位に膨らむだろう??}
Las necesidades de cada entidad no se conocerán hasta septiembre
Economía encarga a una de las consultoras una nueva prueba más precisa
The needs of each entity will not be known until September
Economy instructs one of the consultants a new more precise test
Miguel Jimenez Madrid 22 JUN 2012 - 00:36 CET
Economy instructs one of the consultants a new more precise test
Miguel Jimenez Madrid 22 JUN 2012 - 00:36 CET
Estimates of capital needs from 51,000 to 62,000 million released Thursday by Roland Berger and Oliver Wyman are just the first step in measuring the money it takes to clean up the financial sector. Nor is sufficient consideration of four audit firms is underway. The Bank of Spain has decided to commission one of the two consultants a new round of stress tests entity by entity, so that the capital needs of individual banks and groups of boxes are not due until September, according information provided by the Ministry of Economy and the Bank of Spain.
Parallel to the evidence presented yesterday, the four auditors hired by the Bank of Spain (Deloitte, Ernst & Young, KPMG and PwC) work from late May in the comprehensive analysis of banks' portfolios, and should present the preliminary results July 31.
more informationSpanish banks need 51,000 to 62,000 million capitalHow does the European bailout for the financial sector?Rajoy considered "manageable," the figure that have released the audit of banksThe FROB postponed the auction of Banco de Valencia and Catalonia Banc
The Bank of Spain has hired Boston Consulting Group to lead this project, in which the audit will verify the actual situation of each of the entities, with special attention to the correct classification of loans, both business segment as their qualification (current payment at risk of default or delinquent), and the identification of loans that are refinancing or restructuring of debt and the levels of provisions.
The work of these auditors will be used later for a new round of stress tests by state entity more extensive and detailed (bottom-up or top down, in financial jargon). The Bank of Spain has contracted for this new test to one of the two consultants who presented their work yesterday. The new tests will focus on the entities that need capital to further refine the risk profile of portfolios each. For example, differentiate the age and geographic distribution of home loans and guarantees, so that you can tailor the amount of capital needs of each of the entities.
The result of this individualized assessment will be published "in mid-September," according to a press release issued yesterday by the Economy, and "to end of September," according to a document published by the Bank of Spain on their website, signed also by the Ministry.
Detailed plans for mid-October
Following that announcement, banks should submit their detailed recapitalization plans by mid-October, which will be reviewed by the Bank of Spain and the European Commission, in cooperation with the European Central Bank (ECB).
The plans contain a credible recapitalization strategy that is based solely on private funding sources shall be adopted without further requirements. Entities unable to meet capital requirements alone will have access to Bank Restructuring Fund (FROB) with the required conditionality. This is the moment of truth will be known when the need for European money to clean up the banking. So while yesterday's testing shows that suffice 50,000 million (not counting the private capital), it is normal that the Government seek much more to avoid any surprises.
Banks that receive approval of their plans have nine months to implement
Banks that receive approval of their plans have nine months to implement them. Those who receive public aid will be subject to restructuring plans. The Bank of Spain and the Commission, assisted by the ECB monitor the recapitalization plans, while the Commission will oversee the restructuring. Banks are required to separate the toxic assets normal as a precursor to balance out the latter. We will study the creation of a bad bank to buy toxic assets to their real economic value. The transfer of assets to the bad bank will be mandatory for banks receiving public aid. For the four entities and participated by the FROB will take steps to accelerate the restructuring everything.
Parallel to the evidence presented yesterday, the four auditors hired by the Bank of Spain (Deloitte, Ernst & Young, KPMG and PwC) work from late May in the comprehensive analysis of banks' portfolios, and should present the preliminary results July 31.
more informationSpanish banks need 51,000 to 62,000 million capitalHow does the European bailout for the financial sector?Rajoy considered "manageable," the figure that have released the audit of banksThe FROB postponed the auction of Banco de Valencia and Catalonia Banc
The Bank of Spain has hired Boston Consulting Group to lead this project, in which the audit will verify the actual situation of each of the entities, with special attention to the correct classification of loans, both business segment as their qualification (current payment at risk of default or delinquent), and the identification of loans that are refinancing or restructuring of debt and the levels of provisions.
The work of these auditors will be used later for a new round of stress tests by state entity more extensive and detailed (bottom-up or top down, in financial jargon). The Bank of Spain has contracted for this new test to one of the two consultants who presented their work yesterday. The new tests will focus on the entities that need capital to further refine the risk profile of portfolios each. For example, differentiate the age and geographic distribution of home loans and guarantees, so that you can tailor the amount of capital needs of each of the entities.
The result of this individualized assessment will be published "in mid-September," according to a press release issued yesterday by the Economy, and "to end of September," according to a document published by the Bank of Spain on their website, signed also by the Ministry.
Detailed plans for mid-October
Following that announcement, banks should submit their detailed recapitalization plans by mid-October, which will be reviewed by the Bank of Spain and the European Commission, in cooperation with the European Central Bank (ECB).
The plans contain a credible recapitalization strategy that is based solely on private funding sources shall be adopted without further requirements. Entities unable to meet capital requirements alone will have access to Bank Restructuring Fund (FROB) with the required conditionality. This is the moment of truth will be known when the need for European money to clean up the banking. So while yesterday's testing shows that suffice 50,000 million (not counting the private capital), it is normal that the Government seek much more to avoid any surprises.
Banks that receive approval of their plans have nine months to implement
Banks that receive approval of their plans have nine months to implement them. Those who receive public aid will be subject to restructuring plans. The Bank of Spain and the Commission, assisted by the ECB monitor the recapitalization plans, while the Commission will oversee the restructuring. Banks are required to separate the toxic assets normal as a precursor to balance out the latter. We will study the creation of a bad bank to buy toxic assets to their real economic value. The transfer of assets to the bad bank will be mandatory for banks receiving public aid. For the four entities and participated by the FROB will take steps to accelerate the restructuring everything.
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