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ARTICLE · 18 JUNE 2018

Financial Stability Board Seeks Comment On Technical Implementation Of TLAC

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On June 6, 2018, the Financial Stability Board sought feedback on the technical implementation of standards on the adequacy of total loss-absorbing and recapitalization ...

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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On June 6, 2018, the Financial Stability Board sought feedback on the technical implementation of standards on the adequacy of total loss-absorbing and recapitalization capacity for Global Systemically Important Banks in resolution—the TLAC Standard. The FSB wants to assess whether implementation aligns with the timelines and objectives set out in the TLAC Standard. The TLAC Standard is being phased in, with G-SIBs expected to reach the first minimum requirement by January 1, 2019.

The FSB is due to report to the G20 on the implementation of TLAC by the end of 2019. The comments provided in response to the call for feedback will help the FSB to prepare that report. The FSB highlights that the objective of the call for feedback is to monitor implementation by jurisdictions of the TLAC Standard and to identify whether there are any technical issues or operational challenges in implementation. The aim is not to seek views on the substantive aspects of the standard or

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