Fed revises TLAC requirements for US banks
In light of recent disruptions in economic conditions caused by the coronavirus disease 2019 (COVID-19) and current strains in U.S. financial markets, the Board is issuing an interim final rule…
Read More FSB publishes review of TLAC Standard
The Financial Stability Board (FSB) today published a technical review of the implementation of the Total Loss-Absorbing Capacity (TLAC) Standard for Global Systemically Important Banks (G-SIBs) in resolution. When fully…
Read More US regulators propose limits to big banks holding TLAC of other big banks
The federal banking agencies on Tuesday proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations. The proposal…
Read More FSB consults on TLAC standard technicals
The Financial Stability Board (FSB) published a call for public feedback on the technical implementation of the FSB’s Total Loss-Absorbing Capacity (TLAC) Standard. In November 2015 the FSB issued a new standard on…
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Fed’s Randal Quarles outlines face of banking regulation to come while the Fed issues a new SLR proposal
Randal Quarles, Vice Chairman for Supervision at the Federal Reserve spoke last month at the American Bar Association Banking Law Annual Meeting. The speech, “Early Observations on Improving the Effectiveness of…
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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…
Read More FSB consults on proposed guidance to support resolution planning and promote resolvability
The Financial Stability Board (FSB) has today issued for consultation two proposals for guidance on the implementation of its resolution standards which form part of the overall policy framework to…
Read More Federal Reserve finalizes TLAC requirement
The Federal Reserve Board on Thursday adopted a final rule to strengthen the ability of government authorities to resolve in an orderly way the largest domestic and foreign banks operating…
Read More European Commission releases Banking Reform package
Brussels, 23 November 2016 The Commission is presenting today a comprehensive package of reforms to further strengthen the resilience of EU banks. This proposal builds on existing EU banking rules…
Read More Basel Committee: Global systemically important banks: Assessment methodology and the additional loss absorbency requirement
The Basel Committee’s assessment methodology for global systemically important banks requires a sample of banks to report a set of indicators to national supervisory authorities. These indicators are then aggregated and used…
Read More BofE study: Basel III capital and TLAC levels may be set too high for real-world risk management
Financial Stability Paper No. 35: Measuring the macroeconomic costs and benefits of higher UK bank capital requirements – Martin Brooke, Oliver Bush, Robert Edwards, Jas Ellis, Bill Francis, Rashmi Harimohan,…
Read More FSB issues final Total Loss-Absorbing Capacity standard for global systemically important banks
The Financial Stability Board (FSB) today issued the final Total Loss-Absorbing Capacity (TLAC) standard for global systemically important banks (G-SIBs). The TLAC standard has been designed so that failing G-SIBs…
Read More Fed proposes total loss-absorbing capacity (TLAC) rule
The Federal Reserve Board on Friday proposed a new rule that would strengthen the ability of the largest domestic and foreign banks operating in the United States to be resolved…
Read More FT: European regulators move to undercut TLAC rules
Financial Times, October 12, 2015 Several European countries are taking action to water down new global capital rules for their biggest financial institutions, causing concern among investors and EU officials.…
Read More Bloomberg: Structured-Note Ban in FSB Bank-Crisis Rule Has ‘Strong’ Backing
The Financial Stability Board plans to retain a ban on structured notes in new rules intended to keep taxpayers off the hook when the world’s biggest banks fail, disregarding industry…
Read More Bloomberg: TLAC bonds get cool reception from buyers
Sleep-at-Night Bank-Debt Buyers Seen Cool on TLAC Bonds (Bloomberg) — Douglas Flint, chairman of HSBC Holdings Plc, wants to know who’s going to buy the trillions of dollars of loss-absorbing…
Read More GFMA and IIF comments to the FSB on Total Loss Absorbing Capacity
GFMA and the Institute of International Finance (IIF) provide comments to the Financial Stability Board (FSB) on the FSB’s publication of a term sheet (TS) for Total Loss Absorbing Capacity (TLAC)…
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