PLAC and Shared Service Centre: Difference between pages

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imported>Doug Williamson
m (Added Managing risk to categories - 26/3/24)
 
imported>Administrator
(CSV import)
 
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Primary Loss Absorbing Capital.
(SSC). Shared Services provide a service by one part of an organisation or group where previously the service had been found in more than one part of the organisation or group. The funding and resourcing of the service is shared so the providing department becomes an internal service provider.  
 
Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt.
 


== See also ==
== See also ==
* [[Outsourcing]]


*[[Capital adequacy]]
*[[SLAC]] - Secondary Loss Absorbing Capital
*[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital
[[Category:Regulation_and_Law]]
[[Category:Managing_Risk]]

Revision as of 14:20, 23 October 2012

(SSC). Shared Services provide a service by one part of an organisation or group where previously the service had been found in more than one part of the organisation or group. The funding and resourcing of the service is shared so the providing department becomes an internal service provider.

See also


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