PLAC: Difference between revisions
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*[[Loss absorbing capacity]] | *[[Loss absorbing capacity]] | ||
*[[MREL]] | *[[MREL]] | ||
*[[Principal write down]] | |||
*[[TLAC]] | *[[TLAC]] | ||
*[[Total Loss Absorbing Capacity]] | *[[Total Loss Absorbing Capacity]] | ||
Revision as of 14:27, 13 August 2016
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
- Capital adequacy
- Loss absorbing capacity
- MREL
- Principal write down
- TLAC
- Total Loss Absorbing Capacity
- SLAC - Secondary Loss Absorbing Capital
