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FSB agrees final TLAC principles but asset management work has way to run

Asset management work to continue in 2016

bis-centralbahnplatz-tower-2
The FSB occupies part of the BIS tower

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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