Créd Ag jumped the gun on share capital

Jasper Cox

August 22, 2018 12:30 pm

CredAg2_PA_230x150 — Bank Credit agricole pictured in Paris, France, le 13 septembre 2011. Photo by Mario Fourmy/ABACAPRESS.COM # 290075_009 | Fourmy Mario/ABACA/PA Images

The European Central Bank on Monday fined Crédit Agricole for not obtaining permission to classify instruments as common equity tier one (CET1). GlobalCapital understands this related to ordinary shares issued in an equity raise.

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Topics

Regulation Equity FIG People and Markets Europe Crédit Agricole France EMEA FIG Equity People and Markets People and Markets

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Jasper Cox