On December 18, 2014, the EBA announced that it has repealed its recommendation on the preservation of core Tier 1 capital of EU banks during the transition to CRD IV. The EBA recognizes that major EU banks have considerably strengthened their capital positions since 2011 but states that it will continue to monitor together with national competent authorities the overall  capital position and Common Equity Tier 1 capital of EU credit institutions. As of December 16, 2014, the recommendation is no longer in force.

The press release is available at: http://www.eba.europa.eu/-/repeal-of-the-eba- capital-preservation-recommendation.