![]() This approach has been consistently applied in past cases and will continue to guide the actions of the SRB and ECB banking supervision in crisis interventions.Īdditional Tier 1 is and will remain an important component of the capital structure of European banks.įor media queries, please contact Andrea Zizola, tel.: +49 69 1344 6551. ![]() In particular, common equity instruments are the first ones to absorb losses, and only after their full use would Additional Tier 1 be required to be written down. The resolution framework implementing in the European Union the reforms recommended by the Financial Stability Board after the Great Financial Crisis has established, among others, the order according to which shareholders and creditors of a troubled bank should bear losses. The European banking sector is resilient, with robust levels of capital and liquidity. Part of the problem is the lack of a distinct villainClose hams it up in a few scenes but she’s not memorable enough or given enough timewhich means. ECB Banking Supervision, the Single Resolution Board and the European Banking Authority welcome the comprehensive set of actions taken yesterday by the Swiss authorities in order to ensure financial stability. What Happened to Monday is just not as fun as you’d think it would be given the ridiculousness of its concept, the talent of its star, and even that one action scene.
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