TLAC : Systemic Risk Issues and the Impact on Strategies of Cross-Border Banks

• Autorzy: Bernhard Speyer
• Języki publikacji: EN

Abstrakty

EN

The FSB's proposal on Total Loss Absorbing Capacity (TLAC) constitutes the last major building block of the post-crisis regulatory reform agenda for global financial markets. The proposal aims at creating the preconditions for an orderly liquidation of complex banking institutions that would ensure the continuation of critical financial services without the need to use taxpayers' money in the resolution. The FSB's proposals are fundamentally conducive to achieving these aims. However, the TLAC proposal will have considerable side-effects on the organisational structure and competitiveness of cross-border banking groups; specifically, it is likely to disadvantage banking groups with material foreign subsidiaries. Moreover, while the TLAC proposal provides a comprehensive framework concerning capital requirements for too-big-to-fail institutions, the treatment of other aspects which influence systemic stability, e.g. liquidity and rollover risk, are underdeveloped. (original abstract)

Słowa kluczowe

EN

Financial institutions; Banking sector; International banks; Systemic risk; Banking strategy; Conference materials

PL

Instytucje finansowe; Sektor bankowy; Banki międzynarodowe; Ryzyko systemowe; Strategia banku; Materiały konferencyjne

• Czasopismo: Bezpieczny Bank
• Rocznik: 2015
• Numer: nr 3 (60)
• Strony: 23--36

Twórcy

autor

Bernhard Speyer

• Berlin Senate for Finance

Bibliografia

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• Basel Committee on Banking Supervision (2014): Basel III: the net stable funding ratio; Basel.
• Credit Suisse (2015): TLAC - Towards a Global Resolution Regime, CS Global Equity Research, 25 February 2015.
• Deutsche Bank (2014): European Banks Strategy: Outlook 2015 - the shape of bank earnings, DB Markets Research, 10 December 2014.
• European Central Bank (ECB, 2014): Financial Integration in Europe, Frankfurt / Main
• European Financial Congress (EFC, 2015): Position of the European Financial Congress concerning the Financial Stability Board's consultative document.
• Financial Stability Board (FSB, 2014a): Adequacy of loss-absorbing capacity of global systemically important banks in resolution; Consultative Document, Basel.
• Financial Stability Board (FSB, 2014b): 2014 update of list of global systemically important banks (G-SIBs), Basel.
• Financial Stability Board (FSB, 2013): Recovery and Resolution Planning for Systemically Important Financial Institutions - Guidance on Developing Effective Resolution Strategies, Basel.
• German Banking Industry Committee (2015): Comments on the FSB's Consultation Paper, available at: http://www.die-deutsche-kreditwirtschaft.de/uploads/media/ GBIC_Comments_on_FSB_TLAC-Requirements.pdf
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