EBA欧洲银行-OF_A7_6页_142kb

报告摘要

Annex 7: Calculation of Consolidated Core Original Own Funds – Overview of National Rules

Core Content

Annex 7 outlines the national rules regarding the calculation of consolidated core original own funds, with a focus on how negative items (such as minority interests, first consolidation differences, translation differences, and differences arising from the equity method) are treated in the context of Tier 1 own funds. The summary includes the core content, main views, and key information for each country.

Country-Specific Overview

Country	Consolidated Reserves (Negative Items)	Deductions (Positive Items)	Remarks
Austria	Yes (Minority interest, First consolidation difference, Translation difference, Equity method difference)	Yes (Fully deducted)	No specific remarks provided.
Belgium	Yes (All items)	Yes	CBFA may exclude minority interests from Tier 1 if they do not bear risks and cannot cover losses.
Cyprus	Yes (All items)	Yes	Consolidation applies to all banking and banking-related subsidiaries.
Czech Republic	Yes (All items)	Yes	Minority interests in accumulated losses, goodwill, and own shares are deducted.
Denmark	Yes (All items)	Yes (Goodwill only)	Hybrid core capital issued in subsidiaries is included in Tier 1.
Estonia	Yes (All items, except minority holding from preferential shares)	Yes (Fully deducted)	Unrealised differential amount is included with translation difference and consolidated reserves.
Finland	Yes (All items)	Yes (Goodwill only)	Own funds include minority interests and negative consolidation differences.
France	Yes (All items)	Yes (Partially deducted)	Minority interests are limited to 25% of Tier 1.
Germany	Yes (All items)	Yes (Goodwill only)	Equity method not yet used for supervisory purposes.
Greece	Yes (All items)	Yes (Fully deducted)	Negative goodwill is included in retained earnings.
Hungary	Yes (All items)	Yes	Deducted from Tier 2 instead of Tier 1.
Ireland	Not implemented	Not implemented	No national rules specified.
Italy	Yes (All items)	Yes (Fully deducted)	Put options on own shares are included in original own funds.
Latvia	Yes (All items)	Yes	Negative goodwill is recognised in profit and loss immediately.
Lithuania	Yes (All items)	Yes	Negative goodwill is recognised in profit and loss immediately.
Luxembourg	Yes (All items)	Yes (Unamortised portion)	No specific remarks provided.
Malta	No explicit reference	Yes	Minority interests, translation differences, and other consolidation differences are deducted.
Netherlands	Yes (All items)	Yes	Third-party interests are counted unless there is significant overcapitalisation.
Norway	Yes (All items, except goodwill)	Yes (Fully deducted)	Provisions are to be laid down for inclusion of minority interests.
Poland	Yes (All items)	Yes	No specific remarks provided.
Portugal	Yes (All items)	- First consolidation positive differences<br>- Positive differences arising from revaluation by the equity method	No specific remarks provided.
Slovakia	Yes (All items)	Yes (Fully deducted)	No specific remarks provided.
Slovenia	Yes (All items)	Yes (Fully deducted)	Negative goodwill is included in profit and loss under IFRS.
Spain	Yes (All items)	Yes (Goodwill only)	Minority interests are distributed among effective and express reserves, non-cumulative no-voting shares, and loan capital.
Sweden	Not used	Not used	No specific remarks provided.
United Kingdom	Yes (All items)	Yes (Fully deducted)	No specific remarks provided.

Main Views

Consolidated Reserves (Negative Items): Most countries include minority interests, first consolidation differences, translation differences, and differences arising from the equity method in consolidated reserves. However, some countries (e.g., Ireland, Sweden) have not implemented these rules.
Deductions (Positive Items): Deductions are generally applied to items like goodwill, minority interests, and other consolidation differences. The extent of deduction varies, with some countries (e.g., Belgium, France) imposing limits or conditions.
Equity Method Usage: The use of the equity method is allowed in most countries, except for Germany and Norway, where it is either not yet permitted or not allowed.
IFRS Influence: Several countries (e.g., Czech Republic, Latvia, Lithuania) apply IFRS, which affects how certain items like negative goodwill are treated, typically requiring immediate recognition in the profit and loss account.
Tier 1 Inclusion: In many countries, minority interests and consolidation differences are included in Tier 1 own funds, with exceptions in cases of overcapitalisation or risk limitations.

Key Information

Minority Interest: Most countries include minority interests in Tier 1, except for Belgium and France, which may exclude them under certain conditions.
Goodwill: Deduction of goodwill is common, except in some cases (e.g., Denmark, France) where it is only partially deducted or not applicable.
Translation Differences: Included in consolidated reserves for most countries, with some exceptions like Malta and Slovakia.
Equity Method: Used in several countries, but not allowed in Germany and Norway.
Negative Goodwill: Recognised in profit and loss in IFRS countries (e.g., Latvia, Lithuania, Slovenia), while in others (e.g., Czech Republic), it is not acceptable.
Special Cases: Some countries have unique rules, such as the inclusion of put options in Italy or the distribution of minority interests among specific reserves in Spain.

Conclusion

The treatment of consolidated core original own funds varies significantly across countries, influenced by national regulations and the application of IFRS. While most countries include minority interests and consolidation differences in Tier 1, the extent of deductions and conditions for inclusion differ. Countries like Denmark, France, and Germany have specific limitations or exceptions, whereas others (e.g., Ireland, Sweden) have not yet implemented these rules. Overall, the framework aims to ensure accurate capital measurement while accounting for the risks and losses associated with consolidated entities.

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