The global regulator is setting its sight on banks' ability to absorb losses
The body representing the
world’s top regulators has listed as its top
priority for 2015 the plan announced on Monday to force large
financial firms to adhere to a new minimum standard for "total
loss-absorbing capacity" (TLAC).
The Financial Stability Board (FSB)
published on Wednesday a report on G20 progress in the reform
of resolution regimes and resolution planning for globally
systemically important financial institutions (G-SIFIs).
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