Brussels, 13/11/2014 (Agence Europe) - The Financial Stability Board has opened a consultation, to run until February 2015, on a proposal obliging 30 international banks of systemic importance to have sufficient resources available to them to fund a resolution process.
Under the plan, a safety buffer ('total loss-absorbing capacity', or TLAC) will be brought in from 2019, corresponding to a reserve of between 16% and 20% of bank assets, weighted by risks. Some of this money could be raised...