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08 September 2016

EBA(欧州銀行機構)、資金調達リスクの評価においてCFR(コア調達比率)はNSFR(安定調達比率)の代替にはならないとの見解公表


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The Report concludes that, overall, it would be misleading to rely only on the CFR to assess banks' funding needs because, unlike the Net Stable Funding Ratio (NSFR), the CFR does not look at the whole balance sheet of a bank and, therefore, cannot fully assess a potential funding gap.


The European Banking Authority published a Report analysing the core funding ratio across the EU. The Report is in response to a request from the European Commission to explore the possibilities of the core stable funding ratio (CFR) as a potential alternative metrics for the assessment of EU banks' funding risk, taking into account proportionality.

The report shows a lack of correlation in terms of outcome and conclusions between the NSFR and the CFR for the whole sample of EU banks and particularly for the smaller ones. This is mainly due to the fact that CFR assesses the funding risk only considering the liabilities side of banks irrespective of the stable funding needed by the various types of assets they may have. The NSFR, on the contrary, provides a full funding risk assessment considering both sides of the balance sheet.

For this reason, the EBA believes that the CFR cannot replace the NSFR, which appears to be the most accurate metrics for assessing banks' funding risk.

This Report is based on the same QIS data used for NSFR Report published in December 2015, comprising 279 banks. The reference date of the analysis is December 2014.

Press release

Full report



© EBA


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