欧洲银行业担忧资本金上升，监管高官回应：改革须避免过度关注AT1问题

Core Viewpoint - The European Union's plan to simplify banking regulations must clarify future capital requirements and avoid excessive focus on Additional Tier 1 (AT1) debt [1][2] Group 1: Regulatory Changes - European banking regulators are discussing reforms to financial oversight to ensure that lending institutions are not at a disadvantage compared to U.S. counterparts, especially as the Trump administration reduces regulatory burdens in the U.S. [1] - The European Banking Authority's head, Jose Manuel Campa, emphasizes the need for clarity on how capital requirements will evolve over time [1] Group 2: AT1 Debt Concerns - Campa highlights the complexity of AT1 debt, which has become a focal point for regulators due to its implications for bank operations and capital structure [2] - The recent acquisition of Credit Suisse by UBS, where approximately 16 billion Swiss francs (about 17.2 billion USD) of AT1 bonds were fully written down while shareholders received compensation, has raised significant concerns about the traditional hierarchy of capital repayment [2] - This incident has led to market turmoil and legal challenges, exposing potential flaws in the European AT1 framework and prompting regulators to reassess its terms and clarity [2]