EBA publishes list of Common Equity Tier 1 capital instruments

28 May 2014

The EBA published a list of capital instruments across the EU that NSAs have classified as Common Equity Tier 1 (CET1). This list is based on the information received from the 28 NSAs across the EU and includes all the CET1 instruments issued by institutions and evaluated as compliant by the NSAs.

The list published today by the EBA gives for the first time an exhaustive overview of the CET1 capital instruments available in EU Member States. It has been compiled on the basis of the information received as of 28 June 2013, so as to have a clear cut reference date for those instruments issued before the entry into force of the CRR. At this stage, the EBA did not perform any monitoring or analysis of the instruments listed but it is now starting its monitoring duty and assessing some instruments, in particular those issued after the entry into force of the CRR.

The EBA is mandated to constantly review and monitor the quality of own funds instruments issued by institutions across the Union. Updates to this initial list will be issued on a regular basis.

The information provided in this list is consistent with the information to be reported according to the Implementing Technical Standards (ITS) on disclosure for own funds. In particular, the list includes the following information:

• Name of the instrument, in English and in the national language;
• Governing law of the instrument;
• Whether the instrument can be issued in addition to other Common Equity Tier 1 instruments;
• Instrument with voting or non-voting rights;
• Whether the instrument is a grandfathered state aid instrument;
• Whether the instrument is a grandfathered non state aid instrument;
• Whether the instrument is fully eligible under Article 28 or Article 29 of the CRR.

Press release

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