Guidelines on instruments referred to in Article 57(a) of the CRD
The Committee of European Banking Supervisors (CEBS) today publishes its implementation guidelines on capital instruments.The revised Capital Requirements Directive (CRD) introduces explicit rules for the treatment of instruments eligible as capital and, in particular, requirements for their inclusion in institutions’ original own funds without limit. The amendments will need to be transposed into Member States’ national law by 31 October 2010 and will be applied from 31 December 2010.