TLAC concessions reduce impact for Japan banks
A lower TLAC threshold and concessions for pre-funding bank recovery find favour with Japan
Japan's three megabanks will be able to cope with new rules on total loss-absorbing capacity (TLAC) with little operational difficulty, according to two Tokyo-based sources that have been close to discussions.
Previously, there had been some concern that there would not be enough domestic investors to purchase all the debt that Japanese banks would have to issue.
The new draft rules are expected to be published on Monday ahead of the meeting of the Group of 20 nations, which will take place in
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