# In an op-ed, Prof. Viral Acharya discusses his research on eurozone banks' capital shortfall

1 Faculty News November 21, 2014 ![VoxEU logo ](/sites/default/files/styles/246w/public/assets/images/con_030499.jpg?itok=Qjpc4sQk)>

Excerpt from [Vox](http://www.voxeu.org/article/benchmarking-aqr-tale-two-leverage-ratios) -- "Calculations that we have recently completed suggest that the divergence between our numbers and those of the ECB can be explained by the continued reliance on static risk-weights in the regulatory assessment. In fact, using the projected losses in the adverse scenario employed by the ECB and applying a different (non risk-weights based, i.e. simple) leverage ratio gives results much closer to ours."

[Read more](http://www.voxeu.org/article/benchmarking-aqr-tale-two-leverage-ratios)