Effective capital management and capital Sample Clauses

Effective capital management and capital adequacy and liquidity requirements Effective management of BELFIUS BANK’s capital is critical to its ability to operate its businesses, to grow organically and to pursue its strategy of returning to standalone strength. BELFIUS BANK is required by regulators in Belgium and other jurisdictions in which it could undertake regulated activities to maintain adequate capital resources. The maintenance of adequate capital is also necessary for BELFIUS BANK’s financial flexibility in the face of potential turbulence and uncertainty in the global economy. Accordingly, the purpose of the issuance of the Subordinated Notes issued under the Programme is, amongst others, to allow BELFIUS BANK to strengthen its capital position. The package of reforms to the regulatory capital framework published by the Basel Committee on Banking Supervision (the "Basel Committee") in December 2010 included materially increasing the minimum common equity requirement and the total Tier 1 capital requirement. In addition, banks will be required to maintain, in the form of common equity (after the application of deductions), a capital conservation buffer to withstand future periods of stress, bringing the total common equity requirements to 7 per cent. If there is excess credit growth in any given country resulting in a system-wide build-up of risk, a countercyclical buffer within a range of 0 per cent. to 2.5 per cent. of common equity is to be applied as an extension of the capital conservation buffer. In addition, a leverage ratio will be introduced, together with a liquidity coverage ratio and a net stable funding ratio. The Basel Committee conducted further work on systemically important financial institutions and contingent capital. Measures may include capital surcharges, contingent capital and bail-in debt (which could be introduced by statute, possibly impacting existing as well as future issues of debt and exposing them to the risk of conversion into equity and/or (partial or full) write-down (with or without subsequent potential write-up) of principal amount). Such measures would be in addition to proposals for the write-off of Tier 1 and Tier 2 debt (and its possible conversion into ordinary shares) if a bank becomes non-viable. On 25 June 2011, the Basel Committee proposed that global systemically important banks be subject to an additional common equity Tier 1 capital requirement ranging from 1 per cent. to 2.5 per cent. depending on a bank’s systemic importance. To provide ...
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Related to Effective capital management and capital

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