GCLAC: Difference between revisions
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imported>John Grout (To update FSB usage and minor items) |
imported>Doug Williamson (Standardise presentation of heading.) |
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Gone Concern Loss Absorbing Capacity. | Gone Concern Loss Absorbing Capacity. | ||
''Bank [[resolution]] and [[recovery]]'' | ''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". | 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". | ||
Revision as of 20:34, 4 January 2015
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.
