The secrecy surrounding Europe’s new capital targets is unsettling some investors and analysts who say they’re being kept in the dark about the health of the region’s banks.
The European Central Bank in March approved the last batch of Pillar 2 requirements, completing its first such exercise as supervisor of the region’s biggest banks. The figures, which refer to the second prong of an international accord known as the Basel standards, define how much capital a lender should hold as a buffer against economic shocks. In Italy, the stock-market watchdog deems the levels so crucial it urged banks to disclose them. Elsewhere, lenders have remained silent.