LAC: Difference between revisions
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Loss | Loss Absorbing Capital. | ||
In the field of bank [[resolution]] and [[recovery]] capital available as equity to be written down or to be converted to equity ("bail-in-able") before creditors generally, not contractually bail-in-able, are hit in a bank failure or threatened failure. | In the field of bank [[resolution]] and [[recovery]] capital available as equity to be written down or to be converted to equity ("bail-in-able") before creditors generally, not contractually bail-in-able, are hit in a bank failure or threatened failure. | ||
Revision as of 13:22, 24 March 2014
Loss Absorbing Capital.
In the field of bank resolution and recovery capital available as equity to be written down or to be converted to equity ("bail-in-able") before creditors generally, not contractually bail-in-able, are hit in a bank failure or threatened failure.
See also
- PLAC primary loss absorbing capital
- SLAC secondary loss absorbing capital
- GCLAC or GLAC, gone-concern loss absorbing capital
- MREL Minimum Requirement for own funds and Eligible Liabilities
