Banking Regulators Release Final Rule for TLAC Holdings of Advanced Approaches Banks
On October 28, the FDIC, FRB and OCC issued a joint final rule for TLAC holdings of advanced approaches banks. It amends the capital rules to require advanced approaches banking organizations to deduct from regulatory capital certain investments in unsecured debt instruments issued by global systemically important banks (GSIBs) that are issued for the purpose of meeting minimum long-term debt or TLAC requirements.
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