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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.
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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.
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