Loss absorbing capacity and Payment Services Directive: Difference between pages

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imported>Doug Williamson
(Link with MCT page.)
 
imported>Doug Williamson
(Clarify wording.)
 
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(LAC).
A directive designed to increase consumer rights when sending transfers and money remittances outside Europe or paying in non-EU currencies, and to promote the emergence of new players and the development of innovative mobile and internet payments in Europe.  
 
In the field of bank [[resolution]] and [[recovery]], loss absorbing capacity is the ability of a bank to suffer losses without falling below regulatory minima of capital and requiring re-capitalisation or [[resolution]].
 
LAC may take the form of equity, subordinated debt, senior unsecured debt, and other unsecured uninsured liabilities.




== See also ==
== See also ==
* [[EC Directive 2007/64/EC ]]
* [[Single Euro Payments Area]]
* [[Payments and payment systems]]




*[[PLAC]] primary loss absorbing capacity
*[[SLAC]] secondary loss absorbing capacity
*[[GCLAC]] or GLAC gone-concern loss absorbing capacity
*[[MREL]] minimum requirement for own funds and eligible liabilities
*[[MCT]]


[[Category:Compliance_and_audit]]
== Other links ==
[[Category:Risk_frameworks]]
[http://www.treasurers.org/node/10186?utm_source=Communicator&utm_medium=Email&utm_content=Untitled13&utm_campaign=Monthly+Newsletter+-+June+2014: EACT position paper on PSD2]

Revision as of 14:06, 11 February 2015

A directive designed to increase consumer rights when sending transfers and money remittances outside Europe or paying in non-EU currencies, and to promote the emergence of new players and the development of innovative mobile and internet payments in Europe.


See also


Other links

EACT position paper on PSD2