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 (Link with MCT page.) |
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*[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital | *[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital | ||
*[[MCT]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Revision as of 16:25, 22 November 2014
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.
See also
- SLAC - Secondary Loss Absorbing Capital
