View source for GCLAC

Gone Concern Loss Absorbing Capacity.

''Bank [[resolution]] and [[recovery]]''

Usage in field of bank recovery and resolution has taken time to develop. and the acronym was sometimes just GLAC that might be seen as "Gone-concern Loss Absorbing Capacity".

GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity.

The [[FSB]], that had used "GLAC", has since changed to the term [[Total Loss Absorbing Capacity]] (TLAC) for this.


== See also ==

*[[Capital adequacy]]

*[[Loss absorbing capacity]]

*[[PLAC]]

*[[SLAC]]

*[[MREL]]

*[[Gone concern]]

*[[Bailin]]

[[Category:Compliance_and_audit]]
[[Category:Risk_frameworks]]