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  "documentTitle": "AM EBA ST 2023 Results First Glance Analysis vf2 v1",
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      "text": "The Pillar 2 Guidance is a bank-specific recommendation that indicates the level of capital that the ECB expects banks to maintain in addition to their binding capital requirements.",
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      "text": "Step 2: JST Adjustment: Set the final P2G for each bank within the range of the bucket or, exceptionally, beyond that range. Based on banks' individual situations, such as their risk profiles and the year in which their capital ratio reached its lowest point during the EBA Stress Test",
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      "text": "Step 1: Bucketing: Place banks in one of four buckets according to the depletion of their capital ratios in the EBA Stress Test",
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      "text": "Since 2021, ECB Banking Supervision uses a two-step bucketing approach to determine banks' individual P2G levels",
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      "text": "The Pillar 2 Guidance is a bank-specific recommendation that indicates the level of capital that the ECB expects banks to maintain in addition to their binding capital requirements",
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      "kind": "paragraph",
      "text": "When assessing a bank's capital trajectory and its distribution plans, supervisors will take a forward-looking view duly informed by the results of the 2023 EBA Stress Test to calculate P2G. The current analysis assumes the same Methodology as EBA Stress Test 2021.",
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      "text": "*maximum P2G in 2021 is expected to be 4.5% Source: ECB Banking Supervision",
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      "text": "2. Potential for Capital Distribution - Dividends and Buybacks",
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