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| 1.
| | (CTSA). ''UK Tax.'' |
| | A system introduced in 1999 for companies to self-assess their taxation liabilities. |
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| A technique used as part of the resolution of a failed bank under statutory authority.
| | == See also == |
| | | * [[Corporation tax]] |
| The Resolution Authority (RA) makes an assessment of the extent of expected losses and reconstructs the bank's capital accordingly.
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| In reconstructing the bank's capital the RA imposes losses on creditors, including preferred shareholders and depositors.
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| The allocation of the total expected losses follows the creditor hierarchy that would apply in a liquidation, until the total expected losses are covered.
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| The remaining (surviving) layers of debt are partially converted to equity to recapitalise viable parts of the business.
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| The viable parts of the business are thus enabled to continue under new ownership.
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| The RA is normally given significant discretion in how the reconstruction - including bailin - is applied.
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| Contractual bailin refers to a provision in the terms of certain bank debt that are to be converted automatically to equity or written off, if conditions specified in the contract obtain.
| | [[Category:Taxation]] |
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| == See also ==
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| * [[Resolution Authority]]
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| * [[Multiple Point of Entry]]
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Revision as of 22:21, 28 June 2013
(CTSA). UK Tax.
A system introduced in 1999 for companies to self-assess their taxation liabilities.
See also
