Secondary Loss Absorbing Capital: Difference between revisions
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*[[Contingent capital]] | *[[Contingent capital]] | ||
*[[Equity]] | *[[Equity]] | ||
*[[Financial Stability Board]] (FSB | *[[Financial Stability Board]] (FSB) | ||
*[[GCLAC]] also referred to GLAC | *[[GCLAC]] also referred to GLAC | ||
*[[Loss absorbing capacity]] | *[[Loss absorbing capacity]] | ||
Latest revision as of 09:53, 12 September 2024
Treasury - banking - recovery - resolution - supervision - regulation.
(SLAC).
In the field of bank recovery and resolution SLAC is used, especially in the UK, to refer to other liabilities that could be written down in a distressed institution but would not be first in the firing line - that being primary loss absorbing capital (PLAC) comprising equity and bail-in-able long-term debt.
The Financial Stability Board uses the term gone-concern loss absorbing capital (GLAC or GCLAC) more broadly.
SLAC is sometimes expressed as Secondary Loss Absorbing Capacity, reflecting the fact that some loss-absorbing capacity is provided by items which are not necessarily capital instruments, for exam via bailin.
See also
- Bailin
- Capital
- Capital adequacy
- Contingent capital
- Equity
- Financial Stability Board (FSB)
- GCLAC also referred to GLAC
- Loss absorbing capacity
- Primary Loss Absorbing Capital (PLAC)
- Recovery
- Regulation
- Resolution
- Supervision
- Treasury
