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Greeces Central Bank To Address Recommendations To Banks

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 The Bank of Greece is expected to send a letter to all the banks that are active in Greece, advising them to strengthen their fundamentals in order to shield themselves against the crisis.

 

The same sources said that the recommendation will point to parameters such as the capital sufficiency ratio, credit risk and liquidity.

 

In any case, the provisions set by Basel II will have to be fulfilled and constitute the minimum precautions.

 

The Bank of Greece took the decision to address recommendations to banks as a precaution, to avoid unpleasant surprises in the future. The central bank has intensified its surveillance of banks within the context of its competences.

 

Giorgos Mandelas

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