The Committee of European Banking Supervisors (CEBS) is publishing today an empirical snapshot of the characteristics of hybrid capital instruments recognised as regulatory original own funds in the European Economic Area (EEA). It is the third contribution of CEBS to the European Commission’s current review of the definition of Own Funds. It complements the
CEBS's survey on the implementation of the current rules across Member States and its analysis of the capital instruments recently created by the industry, published on 23 June 2006.