Aussie rules out bail-in senior as part of TLAC regime

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By Tyler Davies
08 Nov 2018

The Australian Prudential Regulation Authority has taken a very different approach from the rest of the world with its total loss-absorbing capacity (TLAC) rules, proposing that banks meet these new capital requirements with tier two rather than any new form of bail-inable senior debt.

APRA published details of its new TLAC regime on Thursday, stating that the total capital requirements for the four major Australian banks would increase by 4%-5% of their risk weighted assets.

Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank and Westpac will be ...

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