PLAC: Difference between revisions
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imported>Doug Williamson m (Added Managing risk to categories - 26/3/24) |
imported>Doug Williamson m (added loss absorbing capital to see also - 26/03/14) |
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Revision as of 15:18, 26 March 2014
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.
See also
- SLAC - Secondary Loss Absorbing Capital
- GCLAC also referred to as GLAC - gone-concern loss absorbing capital
