Romania Attends Vienna Bank Summit To Discuss Capital Rules

“The topics refer to the implications of the capital increases in European banks and the concern that the new requirements do not impact emerging markets,” Adrian Vasilescu, adviser to the central bank governor, told Mediafax.

He said a deputy governor with the central bank attended the meeting in Vienna.

According to a European Central Bank’s plan outlined in November, banks need to have a 9% core tier 1 ratio by the end of June. The bank recapitalization, aimed to strengthen the continent’s bank sector and limit potential fallout from Greece, could lead to deleveraging in non-core markets, particularly in emerging countries.