TLAC bond requirements get tougher – will investors still want them?
Total Loss Absorbing Capital (TLAC) is a core element of the Basel regulatory capital regime, which sets minimum liquidity reserve standards for banks. Banks are now issuing qualifying debt instruments – TLAC bonds – but written into regulation and into the prospectus of this class of bonds are two growing problems no one seems to have predicted. This content requires registration. Get access today by signing up here.