Article 518

Path:
Capital Requirements Regulation (CRR) > PART TEN > TITLE II > Article 518
Title:
Article 518
Description: 
Review of capital instruments which may be written down or converted at the point of non-viability
Main content: 

By 31 December 2015, the Commission shall review, and report on, whether this Regulation should contain a requirement that Additional Tier 1 or Tier 2 capital instruments are to be written down in the event of a determination that an institution is no longer viable. The Commission shall submit that report to the European Parliament and the Council, together with a legislative proposal, if appropriate.