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EU states were forced to set aside more than a trillion euros to prop up risky banks in the wake of the crisis (Photo: eba.europa.eu)

EU's top banks still far from crisis-proof, regulator warns

The EU's top banks ought to keep more money in reserve, making them less profitable, in order to prevent another 2008-type crisis, Europe's banking supervisor has said.

The bloc's largest banks had a total capital shortfall of €135bn "under the most conservative assumptions", the European Banking Agency (EBA) in Paris said in a report on Tuesday (2 July).

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

EU states were forced to set aside more than a trillion euros to prop up risky banks in the wake of the crisis (Photo: eba.europa.eu)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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