Capital Exercise for bank: BANCO COMERCIAL PORTUGUES, SA (BCP OR MILLENNIUM BCP)

On 8 December 2011, the EBA's Board of Supervisors adopted the Recommendation on the creation of temporary capital buffers to restore market confidence, stemming from the so-called "capital exercise". The Recommendation was adopted to address the difficult situation in the EU banking system, especially with regard to the sovereign exposures. It called on National Authorities to require banks included in the sample to strengthen their capital positions by building up an exceptional and temporary capital buffer against sovereign debt exposures to reflect market prices as at the end of September 2011. In addition, banks were required to establish an exceptional and temporary buffer such that the Core Tier 1 capital ratio reaches a level of 9% by the end of June 2012.2011年12月8日，欧洲银行管理局（European Banking Authority）监管委员会通过了一项关于设立临时资本缓冲以恢复市场信心的建议，该建议源自此前所谓的“资本评估行动”。此项建议旨在应对欧盟银行业体系面临的严峻形势，尤其是在主权风险敞口领域。它要求各国监管当局责令纳入样本的银行强化资本实力，通过设立针对主权债务风险敞口的特殊临时资本缓冲，以反映2011年9月末的市场价格水平。此外，相关银行还需设立特殊临时缓冲，以使核心一级资本充足率在2012年6月末达到9%的水平。