PLAC: Difference between revisions
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imported>Doug Williamson m (Temporary change of capital to capacity, pending its further investigation.) |
imported>Doug Williamson (Links ordering.) |
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Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt. | Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt. | ||
The great majority of bank capital in future must be PLAC, in contrast with Secondary Loss Absorbing Capital (SLAC). | |||
PLAC is sometimes expressed as Primary Loss Absorbing ''Capacity''. | |||
== See also == | == See also == | ||
*[[Bailin]] | |||
*[[Capital adequacy]] | *[[Capital adequacy]] | ||
*[[Loss absorbing capacity]] | *[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital*[[Loss absorbing capacity]] | ||
*[[MREL]] | |||
*[[Primary Loss Absorbing Capital]] | |||
*[[Principal write down]] | |||
*[[SLAC]] - Secondary Loss Absorbing Capital | *[[SLAC]] - Secondary Loss Absorbing Capital | ||
*[[Total Loss Absorbing Capacity]] (TLAC) | |||
*[[ | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Latest revision as of 12:43, 25 June 2022
Primary Loss Absorbing Capital.
Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt.
The great majority of bank capital in future must be PLAC, in contrast with Secondary Loss Absorbing Capital (SLAC).
PLAC is sometimes expressed as Primary Loss Absorbing Capacity.
See also
- Bailin
- Capital adequacy
- GCLAC also referred to as GLAC - gone-concern loss absorbing capital*Loss absorbing capacity
- MREL
- Primary Loss Absorbing Capital
- Principal write down
- SLAC - Secondary Loss Absorbing Capital
- Total Loss Absorbing Capacity (TLAC)
