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MPE latest publications

November 13, 2015

Final TLAC rules in line with the expectations

After one year of intense debate in the financial community, on 9 November the Financial Stability Board (FSB) published its final standards on the Total Loss Absorbing Capacity (TLAC) requirements for global systemically important banks “G-SIBs” and the findings of the Quantitative Impact Study (QIS) conducted by the FSB .…

November 13, 2015

U.S. TLAC rules are tougher than the final FSB requirements

On 30 October 2015, the Federal Reserve (Fed) published its proposal on Total Loss Absorbing Capacity (TLAC) requirements for G-SIBs (the most systemically important U.S. bank holding companies (Covered BHCs) and U.S. intermediate holding companies (IHCs) of comparable foreign banks. It will be open for comment until 1 Febr…

December 16, 2014

Compendium on Resolution Strategies: a multiple-point-of-entry view

Achieving an effective resolution regime to resolve banks quickly, avoiding disturbances to the financial system, minimizing the use of public funds –thus protecting taxpayers–, and continuing the critical financial services that they provide is one of the main goals of authorities in the current regulatory reform. Authorit…

July 4, 2014

Operational subsidiarisation in practice under an MPE resolution strategy

Critical shared services of MPE banks must be organised in a way that would permit the group to maintain critical services when other parts of the group enter into resolution. This is what has been termed as “effective operational subsidiarisation.”