EBA updates list of CET1 instruments

19 December 2019

The EBA published an updated list of capital instruments that Competent Authorities (CAs) across the EU have classified as CET1. Since the publication of the previous update in July 2019, a new CET1 instrument has been assessed and evaluated as compliant with the Capital Requirements Regulation (CRR).

Since the publication of the last updated list of CET1 capital instruments on 22 July 2019, the EBA has continued monitoring and assessing the capital instruments issued by EU institutions and their eligibility towards the criteria set in the CRR.

In this new update, one new type of CET1 instrument has been assessed and evaluated as compliant with the CRR. No further changes have been applied in the list. For ease of reference, a new row has been added and highlighted to flag this new instrument.

In particular, the following information is provided in the list:

• Country of the issuance;
• 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 CET1 instruments;
• Whether the instrument is with voting or non-voting rights;
• Whether the instrument is fully eligible or grandfathered as a non-state aid instrument;
• Whether the instrument is subscribed by public authorities in emergency situations.

The EBA recommends taking into account the caveats described in the intro section of the list to correctly understand it.

Full press release on EBA

Full updated list on EBA

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