Moody’s: sub debt to fulfill Asian TLAC requirements

Author: Ashley Lee | Published: 8 Jul 2015

Asian market participants have been second-guessing they types of capital the region’s banks will raise to comply with the Financial Stability Board’s (FSB) upcoming total loss absorbing capital (TLAC) requirement.

There are six global systemically-important banks (G-Sibs) in Asia – three in Japan and three in China. In the FSB’s TLAC proposal, it carved out banks from emerging markets, so Chinese banks would not immediately be affected.

However the form of bail-in-able debt used to satisfy TLAC in Asia is likely to be different from...



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