TLAC is the new name of the game.

The Financial Stability Board presented this consultation paper on Total Loss-Absorbing Capacity (TLAC) for global systemic banks. The agreement is “a watershed in ending ‘too-big-to-fail’ for banks,” said Mark Carney, the governor of the Bank of…

EBA publishes stress test guidance.

Today the EBA published some guidance for the upcoming stress test. Smart, thanks!