EBA Updates List of Common Equity Tier 1 Instruments Under CRR
EBA published an updated list of capital instruments that competent authorities across EU have classified as common equity tier 1 (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). 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. The list will be maintained and updated on a regular basis.
The following information has been 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
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Keywords: Europe, EU, Banking, CET 1, CRR, Regulatory Capital, Basel III, EBA
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