Santander’s TLAC ratio drops to all time low

- By Joshua Walker
- 13 Nov 2026

Santander’s leverage-based total loss-absorbing capacity (TLAC) ratio fell to its lowest level in five years in the third quarter, leaving the bank with just 35 basis points of headroom above its minimum requirement.

The bank’s ratio fell 116bp quarter on quarter to 7.1%, compared with the regulatory minimum of 6.75%. TLAC as a share of risk-weighted assets (RWAs) also dropped, falling 419bp to 26

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