ECB clarifies AT1 impact of dividend recommendation

Author: Ben Bschor | Published: 31 Jan 2015

The ECB has given reassurance that a recent recommendation that banks should be conservative when making distributions to investors does not refer to AT1 coupon payments.

On January 29 2015 the ECB called on banks to take "current challenging economic and financial conditions" into account when deciding on payouts. It also reminded banks to continue to build their capital base to meet fully-loaded capital requirements from 2019...