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The Total Loss-Absorbing Capacity (TLAC) Standard was designed so that failing Global Systemically Important Banks (G-SIBs) will have sufficient loss-absorbing and recapitalization capacity for authorities to implement an orderly resolution. Being able to implement orderly resolution minimises impacts on financial stability, maintains the continuity of critical functions, and avoids exposing public funds to loss. This report sets out a technical review of the implementation of the TLAC Standard.
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