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22 June 2009

CEBS consults on implementation guidelines on hybrid capital instruments


The draft guidelines complement the new CRD provisions and cover the topics of permanence, flexibility of payments, loss absorbency, limits and hybrid instruments issued through an SPV.

Explicit rules for the treatment of hybrid capital instruments are now included in the amended Capital Requirements Directive (CRD). The draft guidelines complement the new CRD provisions and cover the topics of permanence, flexibility of payments, loss absorbency, limits and hybrid instruments issued through an SPV.

 

The amendments will need to be transposed into Member States’ national law by 31 October 2010 and will then be applied from 31 December 2010.

 

A public hearing will be held in London on 8 September.

 

Deadline for consultation is 23 September 2009.

 

Press release

Consultation paper

 



© CEBS - Committee of European Banking Supervisors

Documents associated with this article

CEBS Consultation on Implementation Guidelines on Hybrid Capital Instruments.pdf


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