Trigger event(s) (as used in Section CA-2.1)
A trigger event is the earlier of:
(a) A decision that a write-off (without which the conventional bank licensee would be unviable) is necessary, as determined by the CBB; or
(b) The decision to make a public sector injection of capital (or equivalent support) without which the conventional bank licensee would have become unviable (as determined by the CBB).
Added: January 2015