Loss absorbing capacity and Prospectus Directive: Difference between pages

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LAC
''European Union (EU)''.


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]].
Formerly, the EU's Directive on the prospectus to be published when securities were offered to the public or admitted to trading (2003/71/EC).


See also
It was amended five times in the period 2008 to 2014, the 2014 amendment being Directive 2014/51/EU.


*[[PLAC]] primary loss absorbing capacity


*[[SLAC]] secondary loss absorbing capacity
With effect from 21 July 2019, the Prospectus Directive was replaced by the EU Prospectus Regulation.


*[[GCLAC]] or GLAC general loss absorbing capacity


*[[MREL]] minimum requirement for own funds and eligible liabilities
== See also ==
* [[Directive]]
* [[Offering memorandum]]
* [[Prospectus]]
* [[Prospectus Regulation]]
* [[Regulation]]
* [[Security]]

Revision as of 15:40, 29 January 2020

European Union (EU).

Formerly, the EU's Directive on the prospectus to be published when securities were offered to the public or admitted to trading (2003/71/EC).

It was amended five times in the period 2008 to 2014, the 2014 amendment being Directive 2014/51/EU.


With effect from 21 July 2019, the Prospectus Directive was replaced by the EU Prospectus Regulation.


See also