FIN.

EBA to provide guidance on use of CRR ‘legacy instruments’

The EBA has confirmed that it will be developing communications aimed at providing clarity on the appropriate treatment of capital instruments that, for the purposes of the CRR, are currently classified as ‘legacy instruments’.

The current ‘grandfathering’ period for these instruments finishes at the end of 2021: the EBA is going to target publishing this guidance by mid-2020, to allow relevant firms time to ensure they will continue to meet their regulatory capital requirements into 2022.

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Roseyna Jahangir