BNPP finds AT1 comfort with new SREP requirement
![BNP Paribas 230](https://assets.euromoneydigital.com/dims4/default/5fa9226/2147483647/strip/true/crop/230x156+0+0/resize/840x570!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F32%2F29%2Fdf96583a824ea117e3dc6ee35480%2Fbnp-230.jpg)
BNP Paribas will need to erode more of its capital base before it faces regulatory restrictions on additional tier one (AT1) coupon payments in 2017, because of changes to the way in which Pillar 2 capital requirements are calculated.
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