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.
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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.
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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 the Applicable Supervisory Regulations apply on a consolidated basis due to prudential consolidation.
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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].

  • The Company further acknowledges and agrees that, as of the Effective Date, all Existing Indebtedness is owed without offset, deduction, counterclaim or any other defense or claim whatsoever.

  • 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).

  • Alternatively, such other instruments may provide that they shall convert into CET 1 instruments, or become entitled to reinstatement of the principal amount of the Notes or other compensation in the event of a potential recovery of the Issuer and/or any other entity of the BAWAG Regulatory Group or a subsequent change in thefinancial condition thereof.

  • The MREL requirements and their required structure will presumably have an effect on the balance sheet structure and the composition of funding of BAWAG Regulatory Group and they could have a material adverse effect on BAWAG Regulatory Group's profitability, business, financial condition, results of operations and prospects, and may therefore adversely affect the ability of the Issuer to meet its obligations under the Notes.

  • If BAWAG Regulatory Group is unable to retain the services of one or more members of its management, it may not succeed in attracting individuals with equal qualifications and comparable experience within a suitable time period and at adequate terms.

  • 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.

  • Such Trigger Event occurs, at any time, if the Group CET 1 Capital Ratio (i.e. the CET 1 capital ratio pursuant to Article 92(2)(a) CRR of the BAWAG Regulatory Group on a consolidated basis) is lower than the Trigger Level (which is determined at 5.125 per cent.

  • 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.


More Definitions of BAWAG Regulatory Group

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:
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Related to BAWAG Regulatory Group

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Public Procurement Regulatory Authority (PPRA) means the Government Agency responsible for oversight of public procurement.

  • EMEA means the European Medicines Evaluation Agency or any successor agency thereto.

  • NHTSA means National Highway Traffic Safety Administration.

  • NPCC means the Northeast Power Coordinating Council, Inc. (a reliability council under Section 202 of the Federal Power Act) or any successor organization.

  • EMA means the European Medicines Agency or any successor agency thereto.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • Relevant Electric Retail Regulatory Authority means an entity that has jurisdiction over and establishes prices and policies for competition for providers of retail electric service to end- customers, such as the city council for a municipal utility, the governing board of a cooperative utility, the state public utility commission or any other such entity.

  • Canadian Securities Regulatory Authorities means the securities regulatory authorities in each of the provinces and territories of Canada;

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • Securities Regulatory Authorities means the securities commission or similar regulatory authority in each province and territory of Canada that is responsible for administering the Canadian securities legislation in force in such jurisdictions;

  • Xxxxxxx Group means (a) any member of the Xxxxxxx Family and (b) any Related Person of any such member.

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • Marketing Authorization Application or “MAA” means an application for Regulatory Approval (but excluding Pricing Approval) in any particular jurisdiction other than the U.S.

  • international application means an application filed under this Treaty;

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Local Authority Associated Persons means any person associated with any local authority within the meaning given in section 69 of the Local Government and Housing Act 1989;

  • NYSDEC means the New York State Department of Environmental Conservation.

  • Regulatory Floodway means the channel of a river or other watercourse and the adjacent land areas that must be reserved in order to discharge the base flood without cumulatively increasing the water surface elevation more than a designated height.

  • Insurance Regulatory Authority means, with respect to any Insurance Subsidiary, the insurance department or similar Governmental Authority charged with regulating insurance companies or insurance holding companies, in its jurisdiction of domicile and, to the extent that it has regulatory authority over such Insurance Subsidiary, in each other jurisdiction in which such Insurance Subsidiary conducts business or is licensed to conduct business.

  • Website of the European Central Bank means the website of the European Central Bank currently at http://www.ecb.europa.eu or any successor website officially designated by the European Central Bank.

  • relevant planning authority means the district planning authority for the area in which the land to which the relevant provision of this Order applies is situated;

  • foreign regulatory authority means a securities commission, exchange or other securities market regulatory authority in a designated foreign jurisdiction;

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Regulatory Authorities means the Commissions and the Exchange;