EC calls on EBA to assess Basel IV impact on TLAC
The European Commission has asked the European Banking Authority (EBA) to say how Basel IV could affect banks’ ability to meet their total loss-absorbing capacity (TLAC) requirements — work that it says is "essential" to understanding the impact of the new reforms.
The EBA published advice on Monday on the implementation of the final Basel III rules, commonly referred to as Basel IV in the banking industry.The EBA had already discussed some of the main findings from its report. This included an estimate that banks could face ...
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