EBA · 2014_875 Rejected question

Confirmation of waiver in particular situations

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
79, para. 1
Topic
Own funds
Submitted by
Credit institution
Submitted
2014-02-24

Question

Is it confirmed that the waiver of the provisions in respect of deduction applies to capital instruments or subordinated loans that an entity holds or has granted temporarily for the purposes of a financial assistance operation designed to reorganize and save another entity even prior to the CRR/CRDIV regulations coming into force? Is it confirmed that the waiver of the provisions in respect of deduction for capital instruments or subordinated loans envisaged for the purposes of a financial assistance operation designed to reorganize and save the entity still applies also with reference to holdings already acquired but still necessary for the purposes of the financial assistance operation?

Background

Article 58 of Directive 2006/48/CE (“CRD II”)
No answer published yet.

Original source: European Banking Authority, Q&A ID 2014_875

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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