MEPs target AT1 coupons in CRR amendments

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By Tyler Davies
29 May 2020

MEPs proposed a series of amendments to the Capital Requirements Regulation (CRR) this week, including a couple that could compel banks to stop paying additional tier one (AT1) coupons during the coronavirus pandemic.

The European Commission said in April that the EU’s bank capital rules needed a “quick fix” to help lenders support the economy through Covid-19.

It put forward a series of proposals for amendments to the CRR that are now being considered in the Parliament and the Council.

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