BAWAG Regulatory Group definition

BAWAG Regulatory Group means, from time to time, any banking group: (i) to which the Issuer belongs; and (ii) to which the own funds requirements pursuant to Parts Two and Three of the CRR apply on a consolidated basis due to prudential consolidation in accordance with Part One, Title Two, Chapter Two of the CRR.

BAWAG Regulatory Group means, from time to time, any banking group: (i) to which the Issuer belongs; and (ii) to which the eligible liabilities requirements under the Applicable MREL Regulations apply on a consolidated basis due to prudential consolidation.

BAWAG Regulatory Group means, from time to time, any banking group: (i) to which the Issuer belongs; and (ii) to which the own funds requirements pursuant to Parts Two and Three of the CRR on a consolidated basis due to prudential consolidation in accordance with Part One, Title Two, Chapter Two of the CRR apply. The term BAWAG Group therefore refers to the scope of consolidation in accordance with IFRS, while the BAWAG Regulatory Group refers to the scope of prudential consolidation of own funds which may not include all entities included in BAWAG Group. Securities offered EUR 300,000,000 Undated Non-Cumulative Fixed to Reset Rate Additional Tier 1 Notes of 2018 (the "Notes") Definitions References to capitalised terms not defined herein are to those terms as defined in the Terms and Conditions of the Notes. Issue Date 25 April 2018 Specified Currency EUR Issue Size EUR 300,000,000 Denomination EUR 200,000 per Note (the "Specified Denomination" or the "Original Principal Amount") Issue Price 100 per cent.Form Bearer Notes in Classical Global Note form Custody Euroclear and Clearstream Luxembourg Current Principal Amount per NoteMeans initially the Original Principal Amount, which from time to time, on one or more occasions, may be reduced by a Write-Down and, subsequent to any such reduction, may be increased by a Write-Up, if any (up to the Original Principal Amount). Status in the insolvency or liquidation of the Issuer / No PetitionThe Notes constitute direct, unsecured and subordinated obligations of the Issuer and constitute AT 1 Instruments. In the insolvency or liquidation of the Issuer, the obligations of the Issuer under the Notes will rank:

Examples of BAWAG Regulatory Group in a sentence

• A "Regulatory Event" will occur if there is a change in the regulatory classification of the Notes under the Relevant Regulations that would be likely to result or has resulted in their exclusion in full or in part from own funds or reclassification as a lower quality form of own funds [on a consolidated basis of the BAWAG Regulatory Group] [and/or] [on an individual basis of the Issuer].

• While BAWAG Regulatory Group does not qualify as a global systemically important banking group subject to TLAC requirements, this may also impact the MREL requirements applicable to BAWAG Regulatory Group in the future.

• As of the date of this Prospectus, the SRB has not yet announced any MREL requirements for BAWAG Regulatory Group.

• The market price of the Notes is expected to be affected by fluctuations in the Common Equity Tier 1 capital ratio of the BAWAG Regulatory Group.

• The Issuer expects the SRB to specify MREL requirements for BAWAG Regulatory Group in the first quarter of 2019.

• Financial holding companies and banking groups, such as the Issuer and BAWAG Regulatory Group, have been, and are expected to be in the future, subject to extensive regulation and it is possible that regulatory reforms may affect the treatment of the Notes.

• MREL requirements are determined on case-by- case basis for each institution or banking group by the competent resolution authority, which in the case of BAWAG Regulatory Group is the SRB.

• The calculation of the CET 1 capital ratio of the BAWAG Regulatory Group could be affected by a wide range of factors, including, among other things, factors affecting the level of earnings or dividend payments, the mix of its businesses, its ability to effectively manage the risk-weighted assets in its ongoing businesses, losses in the context of its banking activities or other businesses, changes in BAWAG Regulatory Group's structure or organisation.

• In the first quarter of 2017, BAWAG Regulatory Group was subject to an on-site inspection requested by the ECB with respect to the treatment and management of credit risk in certain business areas, in particular two international retail mortgage loan portfolios (a U.K. residential mortgage loan portfolio acquired in December 2015 and a French residential mortgage loan portfolio acquired in December 2016 through a French securitization vehicle).

• Furthermore, potential investors should be aware that, according to the BRRD, the SRM Regulation and the BaSAG, public financial support should only be granted as a last resort after having assessed and exploited, to the maximum extent practicable, the application of Resolution Measures, including the WDCCI tool, to BAWAG Regulatory Group.