07 December 2007
Draft proposal for a common EU definition of Tier 1 hybrids
The Committee of European Banking Supervisors (CEBS) is publishing a consultation paper on its proposals for a common EU definition of Tier 1 hybrids (CP17). Hybrid capital instruments may mix features of both debt and equity and can be considered as eligible as original own funds (‘Tier 1’) in the EEA provided that they meet certain criteria.
CEBS invites all interested party to examine the proposals and to send their comments by 22 February 2008.