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 limit the total amount of debt a bank can issue relative to its assets.
- To mandate that all bank debt be secured by physical collateral.
- To ensure banks have enough bail-in-able debt to recapitalize from within during a resolution.
- To increase the liquidity of bank treasury departments.
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