Option to tax and PLAC: Difference between pages
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imported>Doug Williamson (Clarify that Option to tax relates to land and buildings. Source: http://www.hmrc.gov.uk/manuals/vatlpmanual/VATLP22590.htm) |
imported>Doug Williamson (Add link.) |
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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. | |||
The great majority of bank capital in future must be PLAC, in contrast with Secondary Loss Absorbing Capital (SLAC). | |||
== See also == | == See also == | ||
[[Category: | *[[Capital adequacy]] | ||
*[[Loss absorbing capacity]] | |||
*[[MREL]] | |||
*[[Total Loss Absorbing Capacity]] | |||
*[[SLAC]] - Secondary Loss Absorbing Capital | |||
*[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital | |||
*[[MCT]] | |||
*[[Bailin]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Risk_frameworks]] |
Revision as of 21:56, 18 June 2016
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.
The great majority of bank capital in future must be PLAC, in contrast with Secondary Loss Absorbing Capital (SLAC).
See also
- SLAC - Secondary Loss Absorbing Capital