CET 1 definition

CET 1 means common equity tier 1 capital described in the Basel III capital adequacy requirements implemented by the CBO circular BM1114 CP-1 dated 17 November 2013;

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CET 1 means the Cryptocurrency Entitlement on the previous day before day "t" days after the Issue Date;

CET 1 means the Cryptocurrency Entitlement on the previous day before day "t" days after the Issue Date; "𝑪𝑬(𝟎)" or "Initial Cryptocurrency Entitlement" means the Cryptocurrency Entitlement on the Issue Date; and

Examples of CET 1 in a sentence

The ECB has also confirmed the Pillar 2 Guidance (P2G) for Belfius of 1% CET 1 ratio for 2021, setting the minimum requirement at 10.635%.
The consolidated CET 1-ratio of Belfius at the end of 2021 stood at 16.37%, well above the 2021 applicable SREP CET 1 capital requirement mentioned above.
Whereas specific and temporary COVID-19 related regulatory relaxations were supporting the CET 1 ratio for an estimated net +87bps as at the end of 2020, this support has decreased to +51bps as at the end of 2021.
For 2021, Belfius must comply with a minimum CET 1 ratio of 9.635%, which is composed of: The countercyclical capital buffer requirement for Belfius increased to 1 bp in June 2021, relating to Belfius’ very limited exposures under the countercyclical buffer requirements of Luxembourg.
Thanks to the increasing profit capacity (+158bp CET 1 ratio) Belfius has been able to cope with the strong commercial balance sheet growth (impacting the CET 1 ratio with -87bps), a foreseeable pay-out ratio (-62bps on the CET 1 ratio) and the still on-going stricter regulatory impacts (-71bps) in 2021.
Further to these regulatory requirements, Belfius stated in its Risk Appetite Framework that, in normal market circumstances and under stable regulations, it would strive to respect a minimum operational CET 1 ratio of 13.5%, at solo and consolidated levels.
CET 1 capital amounted to EUR 10,658 million as at 31 December 2021.
As a result of the annual “Supervisory Review and Evaluation Process” (SREP) finalised by the ECB at the beginning of 2022, Belfius has to comply for 2022 with a minimum CET 1-ratio of 9.708% (including the countercyclical capital buffer), composed of: Note that the ECB also notified Belfius of a Pillar 2 Guidance (P2G) of 0.75% CET 1 ratio for 2022, a recommended buffer to be held over the minimum requirements set out above, resulting in a minimum CET 1 ratio of 10.458%.
In support of services outlined in this Agreement, the Service Provider will respond to service related incidents and/or requests submitted by the Customer within following time frames: High priority: unavailability of the services, incidents where data loss is involved or large number of staff members of Customer is not able to do their jobs: • European office time (CET): 1 hour response time.
The Supplier provides support for errors and defects by phone, helpdesk, and email on ordinary business days from 8:30 a.m. until 4:00 p.m. (“Opening Hours”) (CET+ 1).

More Definitions of CET 1

CET 1 means Cryptocurrency Entitlement on the previous day before day “t” days after the Issue Date; "CE0" means Cryptocurrency Entitlement on the Issue Date;

CET 1 means the Cryptoasset Entitlement in respect of the immediately preceding day;

CET 1 means a bank’s capital structure which consists of Tier 2 capital, Tier 1 capital and common equity Tier 1 capital;

CET 1. , at any time, means the sum, expressed in euro, of all amounts that constitute common equity tier 1 capital (as that term is used in the CRR, or an equivalent or successor term) at such time of AIB, as calculated by AIB on an individual consolidated basis (as referred to in Article 9 of the CRR) or, as the context requires, the common equity tier 1 capital (as that term is used in the CRR or an equivalent or successor term) at such time of the Group, as calculated by AIB on a consolidated basis, in each case in accordance with the Applicable Regulatory Capital Requirements (as defined in the Terms and Conditions of the Subordinated Notes) and taking into account any transitional provisions set out in Part Ten of the CRR which are applicable at such time.