capital_tier

├── tier_1
├── ce_tier_1
├── add_tier_1
├── cet1_grandfathered
├── at1_grandfathered
├── tier_2
├── anc_tier_2
├── bas_tier_2
├── t2_grandfathered
├── tier_3
├── anc_tier_3
└── bas_tier_3

Capital tier of an instrument in accordance with CRR2 regulation (REGULATION (EU) No 575/2013 AS AMENDED BY REGULATION (EU) 2019/876 (CRR2) ).

Note that this includes ‘grandfathered capital’ which is capital which would have been classified in capital tiers under Basel 2 regulations, rules but are no longer eligible due to the tighter rules under Basel3 currently reflected in CRR and CRR2 (and hence they are ‘grandfathered’ and dealt with in a special way by transitional arrangements during a transitional period).

The fields here are listed in a flat structure as they are mutually exclusive.

tier_1

Securities classed as tier 1 capital instruments, these include securities classed as common equity tier 1 and securities classed as additional tier 1 capital instruments.

ce_tier_1

Securities classed as common equity tier 1 (CET1) capital instruments. As set out in CRR Article 26, these are capital instruments, provided that the conditions laid down in CRR Article 28 or, where applicable, Article 29 are met.

add_tier_1

Securities classed as additional tier 1 capital instruments. As set out in CRR Article 51, these are capital instruments, where the conditions laid down in Article 52(1) are met.

tier_2

Securities classed as Tier 2 capital instruments. As set out in CRR Article 62 these are capital instruments where the conditions laid down in Article 63 are met.

anc_tier_2

Needs definition

bas_tier_2

Needs definition

cet1_grandfathered

Instruments which are considered as grandfathered as CET1 Capital, in that they no longer meet the tighter restrictions introduced in the CRR\CRR2 regulation for CET1 capital, but are still included in transitional arrangements.

According to CRR2 Regulation Article 484(3) this is capital within the meaning of Article 22 of Directive 86/635/EEC, that qualified as original own funds under the national transposition measures for point (a) of Article 57 of Directive 2006/48/EC notwithstanding that the conditions laid down in Article 28 or, where applicable, Article 29 of the CRR Regulation are not met.

at1_grandfathered

Instruments which are considered as grandfathered as additional tier 1 capital, in that they no longer meet the tighter restrictions introduced in the CRR\CRR2 regulation for additional tier 1 capital, but are still included in transitional arrangements.

According to CRR2 Regulation Article 484(4) this is instruments that qualified as original own funds under national transposition measures for point (ca) of Article 57 and Article 154(8) and (9) of Directive 2006/48/EC notwithstanding that the conditions laid down in Article 52 of this Regulation are not met.

t2_grandfathered

Instruments which are considered as grandfathered as tier 2 capital, in that they no longer meet the tighter restrictions introduced in the CRR\CRR2 regulation for tier 2 capital, but are still included in transitional arrangements.

According to CRR2 Regulation Article 484(5) this is instruments that qualified under national transposition measures for points (e), (f), (g) or (h) of Article 57 of Directive 2006/48/EC shall qualify as Tier 2 items, notwithstanding that those items are not included in Article 62 of this Regulation or that the conditions laid down in Article 63 of this Regulation are not met.

tier_3

Needs definition

anc_tier_3

Needs definition

bas_tier_3

Needs definition