14. Composition of Capital and TLAC

AT1 capital, no Tier 2 capital and 9 non-regulatory capital TLAC-eligible instruments. The resolution group will have to earmark its CET1 capital to meet the 8% minimum capital requirement and 18% minimum TLAC requirement. The net CET1 capital left to meet other requirements (which could include Pillar 2 or buffers) will be 10 - 4.5 - 2 - 1 = 2.5. 28 Bank-specific buffer requirement (capital conservation buffer plus countercyclical buffer requirements plus G-SIB buffer requirement, expressed as a percentage of RWA). Calculated as the sum of: (i) the G-SIB's capital conservation buffer; (ii) the G-SIB's specific countercyclical buffer requirement calculated in accordance with SACAP; and (iii) the higher loss-absorbency requirement as set out in SACAP. Not applicable to individual resolution groups of an MPE G-SIB, unless the relevant authority imposes buffer requirements at the level of consolidation and requires such disclosure. 29 The amount in row 28 (expressed as a percentage of RWA) that relates to the capital conservation buffer), ie G-SIBs will report 2.5% here. Not applicable to individual resolution groups of an MPE G-SIB, unless otherwise required by the relevant authority. 30 The amount in row 28 (expressed as a percentage of RWA) that relates to the G-SIB's specific countercyclical buffer requirement. Not applicable to individual resolution groups of an MPE G-SIB, unless otherwise required by the relevant authority. 31 The amount in row 28 (expressed as a percentage of RWA) that relates to the higher loss-absorbency requirement. Not applicable to individual resolution groups of an MPE G-SIB, unless otherwise required by the relevant authority. Template TLAC2 - Material subgroup entity - creditor ranking at legal entity level Purpose: Provide creditors with information regarding their ranking in the liabilities structure of a material subgroup entity (ie an entity that is part of a material subgroup) which has issued internal TLAC to a G-SIB resolution entity. Scope of application: The template is mandatory for all G-SIBs. It is to be completed in respect of every material subgroup entity within each resolution group of a G-SIB, as defined by the FSB TLAC Term Sheet, on a legal entity basis. G-SIBs should group the templates according to the resolution group to which the material subgroup entities belong (whose positions are represented in the templates) belong, in a manner that makes it clear to which resolution entity they have exposures. Content: Nominal values. Frequency: Semiannual. Format: Fixed (number and description of each column under "Creditor ranking" depending on the liabilities structure of a material subgroup entity). Accompanying narrative: Where appropriate, banks should provide bank- or jurisdiction-specific information relating to credit hierarchies. Creditor ranking Sum of 1 to n 1 1 2 2 - n n (most junior) (most junior) (most senior) (most senior) 1 Is the resolution entity the creditor/investor? (yes or no) - 2 Description of creditor ranking (free text) 3 Total capital and liabilities net of credit risk mitigation - 4 Subset of row 3 that are excluded liabilities - 5 Total capital and liabilities less excluded liabilities (row 3 minus row 4) - 6 Subset of row 5 that are eligible as TLAC - 7 Subset of row 6 with 1 year ≤ residual maturity < 2 years - 8 Subset of row 6 with 2 years ≤ residual maturity < 5 years - 9 Subset of row 6 with 5 years ≤ residual maturity < 10 years - 10 Subset of row 6 with residual maturity ≥ 10 years, but excluded perpetual securities - 11 Subset of row 6 that is perpetual securities Template TLAC3 - Resolution entity - creditor ranking at legal entity level Purpose: Provide creditors with information regarding their ranking in the liabilities structure of each G-SIB resolution entity. Scope of application: The template is to be completed in respect of every resolution entity within the G-SIB, as defined by the TLAC standard, on a legal entity basis. Content: Nominal