The European Banking Authority on Wednesday, 26 October 2011, disclosed preliminary data on the capital shortfall expected for the EU banking sector. According to these data, the preliminary and indicative capital shortfall at the EU level totals € 106.4 billion, of which € 5.2 billion is attributable to Germany. The EBA thus clarifies the decision by the European Council requiring a group of major international banks to build up a 9% Core Tier 1 ratio by the end of June 2012, which goes far beyond regulatory requirements. The basis used in this context is the EBA 2011 stress test definition. When calculating the ratio it is necessary to consider an additional buffer for market price losses in sovereign exposure to EEA states.