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EBA Does Not Accept Participation Capital as Equity
Politics ♦
Published: March 8, 2012; 14:38 ♦ (Vindobona)
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Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.
EBA Does Not Accept Participation Capital as Equity / Picture: © Vindobona.org
The private participation capital, which was granted to Austrian banks in 2008/09 in order to strengthen the domestic´s banks capital base, is not accepted as equity by EBA. Although Austria tried to persuade EBA to accredit the private participation capital, EBA rejected to do so. EBA`s board disapproved the request by a 13:12 vote. Nevertheless, the major part of participation…
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