GCLAC and Pension assets: Difference between pages

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''Bank resolution and recovery''
1.


Gone Concern Loss Absorbing Capacity.  
The stock of assets held by a funded pension scheme, from which to pay the related pension liabilities.




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'.
2.


GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity.
The entitlement enjoyed by an individual to receive a pension or other related benefit.


The [[FSB]], that had used 'GLAC' has now changed to the term [[Total Loss Absorbing Capacity]] (TLAC).


3.


== See also ==
Any other asset relating to a pension scheme.  For example, a right to a proportionate share of a pension fund surplus, or a related benefit of enjoying a pension contributions holiday.
* [[Total Loss Absorbing Capacity]]


*[[Capital adequacy]]


*[[Loss absorbing capacity]]
== See also ==
 
* [[Contributions holiday]]
*[[Primary Loss Absorbing Capital]]  (PLAC)
* [[Current service cost]]
*[[Recovery]]
* [[Funded scheme]]
*[[Resolution]]
* [[Pension liabilities]]
 
*[[SLAC]]
 
*[[MREL]]
 
*[[Gone concern]]
 
*[[Bailin]]


[[Category:Compliance_and_audit]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]

Revision as of 13:59, 13 May 2016

1.

The stock of assets held by a funded pension scheme, from which to pay the related pension liabilities.


2.

The entitlement enjoyed by an individual to receive a pension or other related benefit.


3.

Any other asset relating to a pension scheme. For example, a right to a proportionate share of a pension fund surplus, or a related benefit of enjoying a pension contributions holiday.


See also

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