EBA updates list of Common Equity Tier 1 capital instruments
22 October 2015
The EBA published an updated list of capital instruments that Competent Supervisory Authorities (CAs) across the European Union have classified as Common Equity Tier 1.
Following the publication, on 23 December 2014, of an updated list of Common Equity Tier 1 (CET1) capital instruments, the European Banking Authority (EBA) has continued monitoring and assessing the capital instruments issued after the entry into force of the CRR. In this second update, two new CET1 instruments have been assessed and evaluated as compliant with the CRR.
For ease of reference, the updated list has new rows added to flag the new instruments and strikethroughs have been applied to highlight the deleted instruments.
The information provided in the 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:
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Name of the instrument, in English and in the national language;
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Governing law of the instrument;
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Whether the instrument can be issued in addition to other Common Equity Tier 1 instruments;
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Instrument with voting or non-voting rights;
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Whether the instrument is a grandfathered state aid instrument;
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Whether the instrument is a grandfathered non state aid instrument;
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Whether the instrument is fully eligible under Article 28 or Article 29 of the CRR.
This list does not yet take into account the provisions of Commission Delegated Regulation (EU) 2015/923 of 11 March 2015 amending Delegated Regulation (EU) No 241/2014 and supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for own funds requirements for institutions (‘RTS on own funds part 4 on multiple dividends'). For the purpose of correctly understanding this list, the EBA recommends taking into account the list of caveats described at the beginning of the list.
© EBA
