medium · Debt Capital Markets primary-issuance-syndication
What is the primary objective of TLAC (Total Loss-Absorbing Capacity) and MREL (Minimum Requirement for own funds and Eligible Liabilities) regulations?
- To cap the total quantity of debt a bank may issue measured against the size of its balance-sheet assets.
- To require that every instrument of bank debt be fully secured by pledged physical collateral or property.
- To ensure banks have enough bail-in-able debt to recapitalize from within during a resolution.
- To deepen the day-to-day funding liquidity available to a bank's treasury and money-market desks.
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