Guidelines on instruments referred to in Article 57(a) of the CRD


These guidelines are in response to Article 63a (6) of the revised CRD (CRD II) that require CEBS to elaborate guidelines for the convergence of supervisory practices with regard to the instruments referred to in point (a) of Article 57. On the basis of these provisions, a set of 10 criteria has been developed for the assessment of capital instruments that may be included in original own funds without limit.

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