Capital Relief for Software Assets: European Commission Amends Own Fund Requirements
By EsqSocial Corporation 19/01/21
The Development: New Regulation (EU) 2020/2176 (the "Regulation") provides regulatory capital relief, allowing certain software assets to be considered when calculating Common Equity Tier 1 ("CET1") capital. It entered into force on December 23, 2020, and the new deduction method is applicable since December 31, 2020....
By: Jones Day