FSB Said to Plan Loss-Absorbency Rules at Low End of Range

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  • Banks said to face TLAC level of 16% of risk-weighted assets
  • Chinese banks on FSB list said to fall under rule in 2025

The Financial Stability Board, the global regulator led by Bank of England Governor Mark Carney, will phase in a loss-absorbency requirement for the world’s biggest banks starting from the low end of its proposed range in 2019, according to people with knowledge of the decision.

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