The Financial Stability Board (FSB) has issued the final Total Loss-Absorbing Capacity (Tlac) standard for global systemically important banks (Gsibs). The proposal, which was released on Monday November 9, has been designed so that failing Gsibs will have sufficient loss-absorbing and recapitalisation capacity available for authorities to implement an orderly resolution that minimises the impact on financial stability, maintains the continuity of critical functions and avoids exposing public fu