Livesquawk on fire with their ECB reporting right now. Sign up here quoting the promo code "forexlive"

Here the topic is the lowering of bank capital ratios below the 0.25% initial capital requirement

The European Central Bank (ECB) plans to introduce capital ratios of the major institutions at a slight discount. According to financial sources, the ECB cut 0.25 points initial capital requirement, which has not yet communicated to banks. Banks surveyed said that French banks have requested that this reduction is made, although the ECB "recommend" that the official rate, to be known from Wednesday exceeded.

In recent days, the 123 largest banks in Europe have had discussions with supervisors to meet 2016 key data: the capital requirement will have to comply with each of them.

Some bankers expected the letter with the exact commitment for Monday, but was delayed. According to sources, this delay is due to a request by the French banks to the ECB downgraded by 0.25 points the capital requirement. The supervisor has accepted, but at the same time, "recommend" to bank excess capital above that 0.25.

That is, before an entity would have to reach a ratio of 10% in the capital of the highest quality, now may need to 9.75%, although the request to reach 10%.

Full ( translated) report here

Call me ol' fashioned but I thought authorities were trying to tighten up on banks not give them more licence to kill?