Internal TLAC rules do not fragment markets, says FSB

Canary_Wharf_London_29Jun20_PA_575x375
By Tyler Davies
29 Jun 2020

Post-crisis reforms have broadly succeeded in ending the concept of ‘too big to fail’, according to the Financial Stability Board, which argued in a report on Sunday that total loss-absorbing capacity (TLAC) rules were making the global banking system more efficient.

The FSB had asked industry participants whether they thought that the reforms enacted in the wake of the global financial crisis had reduced the risks posed by systemically important banks (SIBs).

It published the preliminary findings from its consultation in a new report on Sunday evening.

...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial