EBA updates its CET1 list

08 September 2016

The EBA published its third updated list of capital instruments that Competent Supervisory Authorities (CAs) across the European Union have classified as CET1.

Since the publication of the second updated list of Common Equity Tier 1 (CET1) capital instruments on 21 October 2015, the European Banking Authority (EBA) has been monitoring and assessing the capital instruments issued after the entry into force of the CRR. In this third update, one new CET1 instrument has been assessed and evaluated as compliant with the CRR, two instruments have been deleted, as their form is no longer in existence, and two new state aid instruments issued under Article 31 of the CRR have been included.

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:

• 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

Updated CET1 list

 

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