No one-size-fits-all PLAC, say UK bank bosses
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No one-size-fits-all PLAC, say UK bank bosses

The chief executives of Lloyds, Standard Chartered and RBS stressed that regulators should have the discretion to set primary loss absorbing capacity (PLAC) levels for each individual bank, rather than an industry standard, in evidence to the Parliamentary Commission on Banking Standards on Tuesday.

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