EBU Single Rulebook Q&A 31 July 2013 2013_105 Treatment of existing Tier 1 and Tier 2 instruments
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European Union · · · 13-12-2013
This question is a supplement to Question 2013_46. For Tier 1 or Tier 2 instruments with an incentive to redeem and quarterly/semi-annual/annual calls beyond the first call date, would these instruments qualify as Tier 2 capital if the issuer gave an undertaking to its regulator and the market that it would not exercise its call option for at least 5 years after the first call date?
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