Total loss-absorbing capacity (TLAC)

This note provides an overview of the standard for total loss-absorbing capacity (TLAC) for global systemically important banks (G-SIBs) as set out by the Financial Stability Board (FSB) in November 2015.

TLAC establishes an international standard for loss-absorbing and recapitalisation capacity for G-SIBs. It is intended to allow competent resolution authorities to resolve failing G-SIBs without impairing financial stability, without taking recourse to public funds, and in a manner that protects functions critical to the economy.

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