PLAC: Difference between revisions
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imported>Doug Williamson (Link with MCT page.) |
imported>Doug Williamson (Expand bank regulation context. Source: MCT bank regulation study material.) |
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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). | |||
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*[[Capital adequacy]] | *[[Capital adequacy]] | ||
*[[Loss absorbing capacity]] | *[[Loss absorbing capacity]] | ||
*[[Total Loss Absorbing Capacity]] | |||
*[[SLAC]] - Secondary Loss Absorbing Capital | *[[SLAC]] - Secondary Loss Absorbing Capital | ||
Revision as of 12:35, 1 September 2015
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).
See also
- SLAC - Secondary Loss Absorbing Capital
