Bail-in bond sales catapult BMO towards TLAC target
The Bank of Montreal (BMO) has issued C$13 billion ($9.8 billion) of bail-in debt year-to-date in a bid to meet its total loss-absorbing capacity (TLAC) requirement ahead of a 2021 deadline.
Total TLAC, made up of eligible regulatory capital and unsecured debt that can be written off in a solvency crisis, hit C$60.7 billion at end-July, up 9.6% on end-April and 33.5% on end-January.
The increase has been achieved largely through the sale of TLAC-eligible debt instruments. As of end-July, these
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Investing
BlackRock to grant funds power to track climate risks
Aladdin system holding trillions of dollars to show whether funds are burning the Earth or saving it
Receive this by email