Worldwide:
Basel Committee On Banking Supervision Consults On Total Loss Absorbing Capacity Holdings
23 November 2015
Shearman & Sterling LLP
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On November 9, 2015, the Basel Committee published a
consultation paper on TLAC holdings, setting out the proposed
prudential treatment of investments in TLAC-qualifying instruments
by both G-SIBs and non-G-SIBs that are subject to the Basel
Committee's standards. The consultation proposes that banks
deduct their holdings of TLAC instruments from their regulatory
capital, subject to certain thresholds, and seeks to limit
contagion within the financial system should a G-SIB enter into
resolution. The consultation also sets out revisions that are
required to the text of Basel III, specifying how G-SIBs must take
on board TLAC requirements when calculating regulatory capital
buffers. Comments are due by February 12, 2016.
The consultation paper is available at: http://www.bis.org/bcbs/publ/d342.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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