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Art. 19 – Loss absorption

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Art. 19

Loss absorption

1

The loss absorption principles for the capital components are as follows:

a.

CET1 capital shall absorb losses ahead of AT1 capital;

b.

AT1 capital shall absorb losses ahead of Tier 2 capital.

2

If individual instruments of the same capital component (excluding CET1) are not to absorb losses in the same way, this must be specified in the articles of association or when the instrument is issued.

Legal act context
SR 952.03 · CAO · Ordinance · Ordinance of 1 June 2012 on the Capital Adequacy and Risk Diversification of Banks and Securities Firms (Capital Adequacy Ordinance, CAO)
Structure path
Title 2 Eligible Capital and Additional Loss-Absorbing Capital Chapter 1 General
Language
English (en)
Data status
2025-01-24

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