SocGen closest to TLAC minimum among G-Sibs
Gap between bail-in funds and required amounts narrows at Canadian lenders; Wells Fargo buffer smallest in US
Societe Generale had the smallest buffer above its total loss-absorbing capacity (TLAC) requirements across 23 global systemically important banks (G-Sibs) in the second quarter, Risk Quantum analysis shows.
The bank’s eligible own funds and bail-in debt amounted to €110 billion ($111.6 billion) compared with a requirement of €98.7 billion, leaving an excess capacity of 10.3% – the lowest figure
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