Market participants have been keeping a close eye on the Financial Stability Board’s progress toward a final total loss-absorbing capacity, or TLAC, requirement for banks that are G-SIFIs. In late September 2015, the FSB agreed a near-final term sheet for TLAC, which is expected to be announced and released in mid-November prior to the G-20 meeting. On October 30, 2015, the Federal Reserve Board will hold an open meeting at which it released a notice of proposed rulemaking for the TLAC requirement for U.S. banks that are G-SIFIs
We will provide an overview of:
This will be an operator-assisted call; all lines will be muted, but we will provide for a Q&A.