EBU Single Rulebook Q&A 19 November 2013 2013_539 Treatment of unrealised gains under the Common Equity Tier 1 (CET1) - unintended consequences due to a double deduction.

What can be done to avoid the double deduction from CET1 that will be required in 2014? Article 35 of Regulation (EU) No 575/2013 (CRR) states that institutions shall not make adjustments to remove from their own funds unrealised gains or losses on their assets or liabilities measured at fair value (except in relation to a few exceptions outlined in article 33).