EBU Single Rulebook Q&A 12 February 2016 2016_2622 State guarantee of newly issued liabilities

Should liabilities issued under Article 32(4)(d)(ii) of Directive 2014/59/EU (BRRD) meet the criteria of Additional Tier 1 or Tier 2 instruments? Article 32(4)(d) of BRRD defines the conditions under which the granting of public financial support to institutions should not trigger resolution and the forms that such public support should take.