US banks fret over Fed's domestic internal TLAC concept
Lobbyists fear authorities have already reached a verdict on domestic internal TLAC
Banks are widely expecting the Federal Reserve to introduce new rules that could make it easier to facilitate an orderly resolution of the domestic subsidiaries of US bank holding companies (BHCs) – delivering a blow to industry groups that have lobbied hard against the measure.
The Fed's guidance on the living wills to be submitted by the eight US global systemically important banks (G-Sibs) by July 2017 – published on April 13 – included language that appears to codify the concept of a
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