FSB TLAC Term Sheet definition

FSB TLAC Term Sheet means the Total Loss-absorbing Capacity (TLAC) term sheet set forth in the document dated 9 November 2015 published by the Financial Stability Board, entitled “Principles on Loss- absorbing and Recapitalization Capacity of G-SIBs in Resolution,” as amended from time to time.
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FSB TLAC Term Sheet means the Total Loss-absorbing Capacity (TLAC) Term Sheet of November 9, 2015, published by the Financial Stability Board.
Sample 1Sample 2Sample 3
FSB TLAC Term Sheet means the Total Loss-absorbing Capacity (TLAC) term sheet set forth in the document dated
Sample 1Sample 2Sample 3

Examples of FSB TLAC Term Sheet in a sentence

  • The CRR II and the BRRD II give effect to the FSB TLAC Term Sheet and modify the requirements for MREL eligibility.

  • The Capital Requirements Regulation II and the BRRD II give effect to the FSB TLAC Term Sheet and modify the requirements for MREL eligibility.

  • For the time being, Belfius Bank is not a G-SIB as defined under the FSB TLAC term Sheet and is therefore currently not subject to the FSB TLAC Term Sheet.

  • The exercise of any of these powers may adversely affect the rights of Noteholders and Noteholders may lose all or some of their investment in the Notes.In addition, the Issuer has to meet, at all times, a minimum requirement for own funds and eligible liabilities (MREL), as well as the standard on total loss absorbing capacity (TLAC) which is set forth in a term sheet (the FSB TLAC Term Sheet) published by the financial stability board (FSB).

  • The exercise of any of these powers may adversely affect the rights of Noteholders and Noteholders may lose all or some of their investment in the Notes.In addition, the Issuer has to meet, at all times, a minimum requirement for own funds and eligible liabilities (MREL), as well as the standard on total loss absorbing capacity (TLAC), which is set forth in a term sheet (the FSB TLAC Term Sheet) published by the Financial Stability Board (the FSB).

  • For the time being, Belfius Bank is not a G-SIB as defined under the FSB TLAC Term Sheet and is therefore currently not subject to the FSB TLAC Term Sheet.Any bail-in of eligible liabilities (such as the Notes) will only occur after, or at the same time as, the write-down or conversion of any subordinated debt by the Resolution Authority.

  • Note 1: The subordination exemptions in the antepenultimate and penultimate paragraphs of Section 11 of the FSB TLAC Term Sheet do not apply in Hong Kong under the LAC Rules.

  • These legislative proposals intend to, among other things, give effect to the Total Loss-absorbing Capacity (TLAC) term sheet set forth in the document dated 9 November 2015 published by the Financial Stability Board, entitled "Principles on Loss- absorbing and Recapitalisation Capacity of G-SIBs in Resolution" as amended from time to time (the FSB TLAC Term Sheet) and modify the requirements applicable to the "minimum requirement for own funds and eligible liabilities" (MREL).

  • Transposing the calibration as per the FSB TLAC Term Sheet will ensure that the EU keeps to its commitment of implementing TLAC requirements.However, it is important that clarity is provided elsewhere in a number of areas that accompany and build- upon this Pillar 1 External MREL requirement, as set out below.

  • For the time being, Belfius Bank is not a G-SIB as defined under the FSB TLAC Term Sheet and is therefore currently not subject to the FSB TLAC Term Sheet.Any bail-in of eligible liabilities will only occur after, or at the same time as, the write-down or conversion of the Subordinated Debt by the Resolution Authority.

Related to FSB TLAC Term Sheet

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Continuing Disclosure Agreement means the Continuing Disclosure Agreement, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Fiscal Officer in accordance with Section 6, which shall constitute the continuing disclosure agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule.