Good, bad, and ugly questions about TLAC

Last November, the Financial Stability Board (FSB) presented its consultation document on Total Loss Absorbency Capacity (TLAC). The document is a response to the request of G20 leaders to enhance the loss-absorbing capacity of global systemically important banks (G-SIBs) in resolution. It presents a term-sheet with requirements for TLAC. The document looks heavy-handed because of… Read More Good, bad, and ugly questions about TLAC

New Zealand Reserve Bank consults on regulating buy-to-let

Perhaps responding to Bill English, (“No asset price can go up at over 10 per cent a year forever, sometime it’ll stop”) the New Zealand Reserve Bank decided to consult on a new asset class treatment for mortgage loans to residential property investors within its capital adequacy requirements. Be prepared From a financial stability point… Read More New Zealand Reserve Bank consults on regulating buy-to-let