GIP and SLAC: Difference between pages

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imported>Doug Williamson
(Expand definition. Source: https://www.gov.uk/foreign-travel-advice/gibraltar/money)
 
imported>Doug Williamson
m (added loss absorbing capital to see also - 26/03/14)
 
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''ISO currency codes.''
Secondary Loss Absorbing Capital.


GIP is the ISO currency code for the Gibraltar pound.
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.




The GIP is fixed at a rate of one pound sterling (GBP).
== See also ==


Gibraltar is a British overseas territory.
*[[Capital adequacy]]
*[[Loss absorbing capital]]


*[[PLAC]]


== See also ==
*[[GCLAC]] also referred to GLAC
* [[FKP]]
* [[GBP]]
* [[ISO currency codes]]
* [[Pound]]
* [[SHP]]
* [[SSP]]
* [[Sterling]]


[[Category:The_business_context]]
[[Category:Regulation_and_Law]]
[[Category:Financial_products_and_markets]]
[[Category:Managing_Risk]]

Revision as of 15:19, 26 March 2014

Secondary Loss Absorbing Capital.

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.


See also

  • GCLAC also referred to GLAC