The Financial Stability Board (FSB) has published a consultative document on guiding principles of the internal loss absorbing capacity of global systemically important banks (G-SIBs). The consultation follows on from the FSB’s work on the total loss-absorbing capacity (TLAC) standard, which it finalised in November 2015. The FSB seeks views on a high-level set of guiding principles intended to assist G-SIBs’s crisis management groups in implementing internal TLAC mechanisms. The deadline for comments on the consultative document is 10 February 2017.
View FSB consults on guiding principles for internal TLAC, 16 December 2016