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CRD IV Capital Requirements PowerPoint Presentation
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CRD IV Capital Requirements

CRD IV Capital Requirements

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CRD IV Capital Requirements

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  1. CRD IV Capital Requirements At the end of the phase-in implementation Total Capital Requirements Instruments to Contribute to Capital Requirements Capital Requirements Filled Only with Common Equity assuming full usage of AT1 and T2 buckets Pillar 2 Requirements Tier 2 Coco (?) AT1 (?) BCCS (?) Higher of Systemic Risk, G-SIFI and O-SII Buffers 0% - 5% EBA BCCS, AT1s and Tier 2-hosted CoCos will potentially be included in Pillar 2 requirements by national regulators, or provide stress test capital. Restrictions on distributions are linear as the combined buffer requirement falls below 60% Combined Buffer Higher of Systemic Risk, G-SIFI and O-SII Buffers 0% - 5% Countercyclical Buffer 0% - 2.5% Tier 2-hosted CoCos will also contribute to the Tier 2 requirement 40% Conservation Buffer 2.5% Combined Buffer Requirement Countercyclical Buffer 0% - 2.5% (or more) 20% Tier 2 Coco Tier 2 2% Tier 2 Conservation Buffer 2.5% 0% Additional Tier 1 1.5% BCCS AT1 8% Min. Total Capital 6% Min. Tier 1 Common Equity Tier 1 4.5% Common Equity Tier 1 4.5% New AT1 and the EBA-compliant BCCS will be counted as Additional Tier 1 instruments and contributing to the Total Capital Ratio % % Source: BIS, EC, CA-CIB

  2. FI Hybrid Market Update European Bank Capital Securities Issuance European Bank Capital Securities Issuance 24,000 2013-2014(YTD) Issuance – Breakdown by CCY and Type Source: Crédit AgricoleCIB, Bloomberg, Dealogic

  3. FI Hybrid Bond Market Update List of Recent European Transactions Source: Crédit AgricoleCIB, Bloomberg

  4. Additional Tier 1 Capital AT1 Structural Comparison – Equity Conversion (*) Core Capital Deferred Shares

  5. Additional Tier 1 Capital AT1 Structural Comparison – Temporary W/D (*) Subject to the current principal amount being equal to the original principal amount Source: Crédit Agricole CIB, Relevant Prospectus