PLAC: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link to GCLAC.) |
imported>John Grout m (To cross refer to SLAC) |
||
| Line 1: | Line 1: | ||
Primary Loss Absorbing Capital. | 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. | |||
| Line 6: | Line 8: | ||
*[[Capital adequacy]] | *[[Capital adequacy]] | ||
*[[GCLAC]] | *[[SLAC]] - Secondary Loss Absorbing Capital | ||
*[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital | |||
[[Category:Regulation_and_Law]] | [[Category:Regulation_and_Law]] | ||
