EBA consults on multiple distribution instruments: As part of its Level 2 work on the Capital Requirements Regulation (CRR) EBA is now, and until 24 January 2014, consulting on RTSs on limits to the distributions that may be paid on banks' common equity Tier 1 instruments where those distributions are different or a multiple of those payable in respect of normal voting instruments. The limits seek to avoid the situation where those instruments may cause a drag on capital levels. The RTSs also contain the conditions for considering a distribution as preferential. There will be a separate regime for non-joint stock companies. (Source: RTSs on Multiple Distribution Instruments)
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Financial Regulatory Developments 29 November 2013 - European Banking Authority (EBA)
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