GCLAC: Difference between revisions
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imported>Doug Williamson m (Minor changes to wording to make sentence flow easier. Added Total Loss Absorbing Capacity to see also.) |
imported>Doug Williamson (Single quotes.) |
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''Bank [[resolution]] and [[recovery]]''. | ''Bank [[resolution]] and [[recovery]]''. | ||
Usage in the field of bank recovery and resolution has taken time to develop. The acronym was sometimes just GLAC that is defined as | Usage in the field of bank recovery and resolution has taken time to develop. The acronym was sometimes just GLAC that is defined as 'Gone-Concern Loss Absorbing Capacity'. | ||
GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity. | GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity. | ||
The [[FSB]], that had used | The [[FSB]], that had used 'GLAC' has now changed to the term [[Total Loss Absorbing Capacity]] (TLAC). | ||
Revision as of 20:53, 9 April 2015
Gone Concern Loss Absorbing Capacity.
Bank resolution and recovery.
Usage in the field of bank recovery and resolution has taken time to develop. The acronym was sometimes just GLAC that is defined 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 now changed to the term Total Loss Absorbing Capacity (TLAC).
