Know-your-customer and PLAC: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Link with PEP and KY3P pages.) |
imported>Doug Williamson m (Temporary change of capital to capacity, pending its further investigation.) |
||
| Line 1: | Line 1: | ||
Primary Loss Absorbing Capital. | |||
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 == | ||
*[[Capital adequacy]] | |||
*[[Loss absorbing capacity]] | |||
*[[SLAC]] - Secondary Loss Absorbing Capital | |||
[[ | *[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Risk_frameworks]] | |||
Revision as of 09:53, 27 March 2014
Primary Loss Absorbing Capital.
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
- SLAC - Secondary Loss Absorbing Capital
- GCLAC also referred to as GLAC - gone-concern loss absorbing capital
