Primary Loss Absorbing Capital and QoQ: Difference between pages

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imported>Doug Williamson
(Create the page. Sources: linked pages.)
 
imported>Doug Williamson
(Create page. Sources: linked pages, Bank of England https://www.bankofengland.co.uk/-/media/boe/files/speech/2020/covid-19-and-monetary-policy-speech-by-michael-saunders.pdf?la=en&hash=02111FB09D7C30180137C228BB61E8C5447A84F9)
 
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(PLAC).
Quarter on Quarter, particularly in the context of percentage growth or decline.


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.


:<span style="color:#4B0082">'''''The economic impacts of Covid-19 to date'''''</span>


The great majority of bank capital in future must be PLAC, in contrast with Secondary Loss Absorbing Capital (SLAC).
:" In general, small firms are doing worse than large firms.  


:In the May MPR, the MPC’s illustrative scenario showed Q2 GDP falling about 25% QoQ, a far bigger decline than any recorded previously.


PLAC is sometimes expressed as Primary Loss Absorbing ''Capacity''.
:There are, of course, many uncertainties around this figure, but the picture of a dramatic fall in output is clear-cut."
 
:''Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.''




== See also ==
== See also ==
*[[Bank of England]]
*[[COVID-19]]
*[[GDP]]
*[[MoM]]
*[[Monetary Policy Committee]]
*[[MPR]]
*[[Q1]]
*[[YOY]]
*[[YTD]]


*[[Capital adequacy]]
[[Category:The_business_context]]
*[[Loss absorbing capacity]]
[[Category:Corporate_finance]]
*[[MREL]]
[[Category:Investment]]
*[[Principal write down]]
[[Category:Identify_and_assess_risks]]
*[[TLAC]]
[[Category:Manage_risks]]
*[[Total Loss Absorbing Capacity]]
[[Category:Financial_products_and_markets]]
 
*[[SLAC]] - Secondary Loss Absorbing Capital
 
*[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital
*[[MCT]]
*[[Bailin]]

Revision as of 21:56, 6 June 2020

Quarter on Quarter, particularly in the context of percentage growth or decline.


The economic impacts of Covid-19 to date
" In general, small firms are doing worse than large firms.
In the May MPR, the MPC’s illustrative scenario showed Q2 GDP falling about 25% QoQ, a far bigger decline than any recorded previously.
There are, of course, many uncertainties around this figure, but the picture of a dramatic fall in output is clear-cut."
Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.


See also

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