Regulatory Alerts2011-01-27 | CBFA_2011_03Added · Updated
CBFA Circular CBFA_2011_03: Own Funds Regulation
The CBFA amends Circular PPB-2007-1-CPB to transpose technical provisions from European Directives 2009/27/EC, 2009/83/EC, and 2009/111/EC into the Own Funds Regulation for credit institutions, investment firms, liquidation bodies, and financial companies. The update incorporates CEBS guidelines to refine eligibility criteria for Core Tier 1 capital, hybrid Tier 1 instruments, operational risk mitigation, and large exposure concentrations. Specific changes include defining loss absorption triggers for hybrid instruments, such as when own funds fall below 8% of risk-weighted assets, and introducing new operational risk activity lines and AMA capital allocation rules.
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