LAC

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Revision as of 13:22, 24 March 2014 by imported>Doug Williamson (Standardise abbreviation presentation.)
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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