SLAC

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Revision as of 15:19, 26 March 2014 by imported>Doug Williamson (added loss absorbing capital to see also - 26/03/14)
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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