Questions remain about China banks' TLAC exemption
China is one of only two Asian countries with G-Sibs – but unlike Japan its banks can sidestep TLAC
With the Financial Services Board (FSB) due to come out with a new set of capital requirements in November, industry observers are expressing doubts over whether China's banks should retain their carve-out from the impending total loss-absorbing capacity (TLAC) framework.
The issue concerns the minimum amount of capital and unsecured debt that the world's most systemically important banks will have to hold to support a resolution in case of failure, without relying on taxpayer money or
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