Fed tweaks TLAC rules to help banks make distributions

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Fed tweaks TLAC rules to help banks make distributions

Tyler Davies
March 24, 2020 12:00 PM
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(200323) -- WASHINGTON, March 23, 2020 (Xinhua) -- Photo taken on March 23, 2020 shows a U.S. dollar banknote in Washington D.C., the United States. The U.S. Federal Reserve (Fed) announced on Monday a plan to purchase U.S. treasuries and agency mortgage-backed securities with no limit to help markets function more efficiently amid COVID-19 uncertainty. (Xinhua/Liu Jie) | Liu Jie/Xinhua News Agency/PA Images

The US Federal Reserve has made it easier for the country's banks to eat into their total loss-absorbing capacity (TLAC) buffers without facing restrictions on equity and debt distributions.

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