SLAC
Treasury - banking - recovery - resolution - supervision - regulation.
1.
Secondary Loss Absorbing Capital.
2.
Secondary Loss Absorbing Capacity.
See also
- Capital
- Capital adequacy
- Contingent capital
- GCLAC also referred to GLAC
- Loss absorbing capacity
- Primary Loss Absorbing Capital (PLAC)
- Recovery
- Regulation
- Resolution
- Supervision
- Treasury
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
- GCLAC also referred to GLAC
- Loss absorbing capacity
- Primary Loss Absorbing Capital (PLAC)
- Recovery
- Resolution
