SIFMA, The Clearing House Association, the Financial Services Roundtable and the Institute of International Bankers provided comments to the Basel Committee on Banking SUpervision on their November 2015 Consultative Document – TLAC Holdings. The proposal addressed the treatment under the Basel III capital framework of internationally active banks’ holdings of “total loss-absorbing capacity” (TLAC) instruments of global systemically important banks. The Proposal addresses Section 15 of the term sheet included in the Financial Stability Board’s Principles on Loss-absorbing and Recapitalization Capacity of G-SIBs in Resolution and Total Loss-absorbing Capacity Term Sheet, dated November 9, 2015 and prepared in consultation with the Basel Committee.

See also:

TLAC Holdings – Consultative Document

Docket No. R–1523; RIN 7100 AE–37

SIFMA AMG Submits Comments to the Federal Reserve on TLAC Proposal

SIFMA and Other Associations Submitted Comments to the Federal Reserve on the Notice of Proposed Rulemaking on External TLAC

SIFMA and Other Associations Submitted Comments to the Federal Reserve on the Notice of Proposed Rulemaking on Internal TLAC