Brexit and PLAC: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Update link.)
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).
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.


A referendum on the issue was held in the UK on 23 June 2016.


The result of the referendum was to advise the UK Government to begin the process of the UK leaving the EU.
The great majority of bank capital in future must be PLAC, in contrast with Secondary Loss Absorbing Capital (SLAC).
 
 
Depending on the context, 'Brexit' may refer to any or all of:
 
#The decision for the UK to leave the EU.
#The exit itself.
#The consequences, and potential consequences, both of the decision and of the exit itself.
#Less commonly, the referendum result or the referendum date of 23 June 2016.




== See also ==
== See also ==
* [[Article 50]]
* [[Equivalence]]
* [[European Economic Area]]
* [[European Union]]
* [[Frexit]]
* [[Grexit]]
* [[Hard Brexit]]
* [[Parliamentary supremacy]]
* [[Schengen Area]]
* [[Sovereignty]]
* [[United Kingdom]]
=== Other links ===
[https://www.treasurers.org/brexit Brexit: ACT Technical Guidance and Comment]
[http://www.treasurers.org/node/326266 Brexit 2016 - a post-referendum checklist for treasurers 16 August 2016]
[http://www.treasurers.org/node/326161 Brexit Painting by Numbers August 2016]
[http://www.treasurers.org/node/324106 Brexit - 'T plus 7 days']
[http://www.treasurers.org/brexit Brexit - keep calm and make a plan]


[https://www.treasurers.org/brexit-briefing Brexit: a treasurer's checklist]
*[[Capital adequacy]]
*[[Loss absorbing capacity]]
*[[MREL]]
*[[Principal write down]]
*[[TLAC]]
*[[Total Loss Absorbing Capacity]]


[http://www.treasurers.org/node/322569 Brexit - "T minus 7 days"]
*[[SLAC]] - Secondary Loss Absorbing Capital


[https://blogs.treasurers.org/?p=313877 Stephen Baseby's ACT blog: Brexit: will we, won't we; and what would it mean?]
*[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital
*[[MCT]]
*[[Bailin]]


[https://www.treasurers.org/node/318447 Further resources]
[[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

  • SLAC - Secondary Loss Absorbing Capital
  • GCLAC also referred to as GLAC - gone-concern loss absorbing capital
  • MCT
  • Bailin
Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Brexit&oldid=36175’