Contracted in and PLAC: Difference between pages
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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 == | ||
* [[ | |||
*[[Capital adequacy]] | |||
*[[Loss absorbing capacity]] | |||
*[[MREL]] | |||
*[[Principal write down]] | |||
*[[TLAC]] | |||
*[[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 14:27, 13 August 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
- Capital adequacy
- Loss absorbing capacity
- MREL
- Principal write down
- TLAC
- Total Loss Absorbing Capacity
- SLAC - Secondary Loss Absorbing Capital
