fed press_conference, 2016-03-16
A month or so ago, we came out with a rule—so-called TLAC rule—that would require the largest firms to hold a substantial buffer of long-term debt that, in the event that they were to fail, could be bailed in to protect the taxpayer from having to bear any burden in terms of injecting capital into the firms—it would provide loss absorption in that event.
Sentiment: neutral
Topic: financial_stability