Brussels, 09/11/2015 (Agence Europe) - On Monday 9 November, the Financial Stability Board (FSB) published the outlines of the total loss-absorbing capacity buffer (TLAC) which the 30 largest international banks of systemic importance, 12 of which are located in the EU, will have to observe from 2019.
The 30 banks will have to hold a security buffer to absorb any losses and this will be equivalent to 16% of the risk-weighted assets from 1 January 2019 and 18% from 2022, according to a press...