EBA updates list of CET1 instruments

Since the publication of the last updated list of CET1 capital instruments on 8 December 2021, the EBA has continued monitoring and assessing the capital instruments issued by EU institutions and their eligibility towards the criteria set in the CRR.

Metadata

Provider:

EBA

URL:

https://www.eba.europa.eu/eba-updates-list-cet1-instruments-0

Retrieved on:

Monday, January 16, 2023

Information

Tags:

Commission, Competent authority, CRR, Article, Review, Capital Requirements Regulation 2013, EBA, Authority, Urban economics, Joint committee, Common equity, EEA, Union, European Banking Authority, European Economic Area, Article 29 Data Protection Working Party, European, Security (finance), EU

Geotags:

EUROPEAN UNION, LIECHTENSTEIN, ICELAND, NORWAY

Summary

Key Points:

Since the publication of the last updated list of CET1 capital instruments on 8 December 2021, the EBA has continued monitoring and assessing the capital instruments issued by EU institutions and their eligibility towards the criteria set in the CRR.
Following the Joint Committee EEA Decision adopting the CRR1 that entered into force on 1 January 2020, the EBA assessed all types of CET1 instruments issued in the EEA counties in order to add them to the CET1 list.
Given that all instruments were considered as fully compliant with the eligibility criteria set out in the CRR, the instruments are now included in the updated CET1 list and new highlighted rows have been added to flag these instruments.
In particular, the CRR2 provides for the EBA to be consulted ex ante for new forms of instruments that are not yet included in the CET1 list in order for them to be classified as CET1 instruments.