TLAC

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…

TLAC bond requirements get tougher – will investors still want them?

August 1, 2017

Richard Stinchfield

Basel III, Corporate Bonds, Europe, Liquidity Management, Regulatory, Risk Management, Systemic Risk, unsecured funding

Bonds, Funding/Liquidity, regulatory capital, TLAC, topstory

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…

FSB consults on proposed guidance to support resolution planning and promote resolvability

December 16, 2016

Financial Market Infrastructure, Financial Stability Board, FSB, TLAC

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…

Federal Reserve finalizes TLAC requirement

December 15, 2016

Federal Reserve, TLAC

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…

European Commission releases Banking Reform package

November 23, 2016

Basel III, CRD/CRR, European Commission, TLAC

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…

Basel Committee: Global systemically important banks: Assessment methodology and the additional loss absorbency requirement

November 21, 2016

Basel Committee, G-SIBs, TLAC

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…

BofE study: Basel III capital and TLAC levels may be set too high for real-world risk management

December 1, 2015

Bank of England, TLAC

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,…

FSB issues final Total Loss-Absorbing Capacity standard for global systemically important banks

November 9, 2015

Financial Stability Board, TLAC

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…

Fed proposes total loss-absorbing capacity (TLAC) rule

October 30, 2015

Federal Reserve, TLAC

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…

FT: European regulators move to undercut TLAC rules

October 13, 2015

Europe, TLAC

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.…

Bloomberg: Structured-Note Ban in FSB Bank-Crisis Rule Has ‘Strong’ Backing

September 9, 2015

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…

Bloomberg: TLAC bonds get cool reception from buyers

February 12, 2015

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…

GFMA and IIF comments to the FSB on Total Loss Absorbing Capacity

February 4, 2015

GFMA, IIF, TLAC