EBA updates its monitoring of Additional Tier 1 capital instruments
The European Banking Authority (EBA) published today an update of its first report on the monitoring of Additional Tier 1 (AT1) capital instruments issued by EU institutions and released on 7th October 2014 . This update is partly based on the review of new AT1 issuances and includes some final conclusions of the EBA on issues previously flagged as being under investigation. The EBA expects to gather further insight on the basis of future issuances.
The EBA has reviewed fifteen AT1 issuances, which took place between August 2013 and November 2014. This report notably illustrates the EBA's views on clauses that it recommends be avoided in the terms and conditions of AT1 instruments.
This report was finalised following a public hearing held on 18 May. The slides presented during the public hearing can be found here.
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Documents
October 2014 Report
(157.98 KB - PDF) Last update 4 May 2015
May 2015 Report
(178.7 KB - PDF) Last update 29 May 2015
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