Can Europe covered bonds count as tier 1 capital? April 09, 2013 X LinkedIn Email Show more sharing options Copy Link URLCopied! Print X LinkedIn Email The final CRD IV draft seems to make a specific carve-out for Danish covered bonds. But can other juridictions adapt their markets to qualify as tier 1 capital? Unlock this content. The content you are trying to view is exclusive to our subscribers. To unlock this content: Take a Free Trial or Login