On 9 November 2015, the Financial Stability Board finalized its Principles on Loss-absorbing and Recapitalisation Capacity of G-SIBs in Resolution, including the Total Loss-absorbing Capacity (TLAC) Term Sheet. It introduces a new international standard for quantitative and qualitative requirements for external and internal TLAC as well as new disclosure requirements.

By René Bösch / Benjamin Leisinger (Reference: CapLaw-2015-58)