GCLAC: Difference between revisions
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imported>Doug Williamson (Standardise presentation of heading.) |
imported>Doug Williamson m (Minor changes to wording to make sentence flow easier. Added Total Loss Absorbing Capacity to see also.) |
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''Bank [[resolution]] and [[recovery]]''. | ''Bank [[resolution]] and [[recovery]]''. | ||
Usage in field of bank recovery and resolution has taken time to develop. | Usage in the field of bank recovery and resolution has taken time to develop. The acronym was sometimes just GLAC that is defined as "Gone-Concern Loss Absorbing Capacity". | ||
GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity. | GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity. | ||
The [[FSB]], that had used "GLAC", has | The [[FSB]], that had used "GLAC", has now changed to the term [[Total Loss Absorbing Capacity]] (TLAC). | ||
== See also == | == See also == | ||
* [[Total Loss Absorbing Capacity]] | |||
*[[Capital adequacy]] | *[[Capital adequacy]] | ||
Revision as of 17:01, 7 January 2015
Gone Concern Loss Absorbing Capacity.
Bank resolution and recovery.
Usage in the field of bank recovery and resolution has taken time to develop. The acronym was sometimes just GLAC that is defined as "Gone-Concern Loss Absorbing Capacity".
GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity.
The FSB, that had used "GLAC", has now changed to the term Total Loss Absorbing Capacity (TLAC).
