Banks say multiple-point-of-entry firms gain TLAC advantage
No equivalent cap on aggregate buffer for G-Sibs that face resolution as single group
Global banks are worried new rules on total loss-absorbing capacity (TLAC) impose more onerous requirements on firms that would be resolved as a single group by their home authorities compared with multiple-point-of-entry (MPE) firms – or those that would first be broken up, with each part handled locally.
From 2019, global systemically important banks (G-Sibs) will have to hold equity and bail
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