BANK 3.2.24 Goodwill and intangible assets

A banking business firm must deduct from CET 1 capital the amount of its goodwill and other intangible assets (except mortgage servicing rights). The amount must be net of any related deferred tax liability that would be extinguished if the goodwill or assets become impaired or derecognised under IFRS or any other relevant accounting standards.

Note For the treatment of mortgage servicing rights — see rule 3.2.41 (Deductions from common equity tier 1 capital).

Amended by QFCRA RM/2015-3 (as from 1st January 2016).