FSB agrees final TLAC principles but asset management work has way to run
Asset management work to continue in 2016
The Financial Stability Board (FSB) reached agreement on final draft principles for total loss-absorbing capacity (TLAC) at its plenary meeting in London on September 25, and it identified new avenues of work on risks relating to the asset management industry.
A key task for the FSB has been to finalise a standard for TLAC, following a consultation late last year. The organisation said it agreed the final draft principles at its meeting, which set out the premises underlying the proposal, with
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