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For Immediate Release
December 15, 2016
ABA Media Contact: Mike Townsend
(202) 663-5471
Follow us on Twitter: @ABABankers

ABA Statement on Final TLAC Rule

By Rob Nichols, ABA president and CEO

​     “Today’s final rule caps the dramatic regulatory changes that have been made to reinforce our nation’s policy that no bank should be too big to fail.  The TLAC resources – combined with higher capital and liquidity requirements, stress testing, recovery and resolution planning – ensure that the system is better prepared to withstand shocks and has a viable framework in place to handle them.
     “However, since the final rule will inevitably limit the covered banks’ flexibility in managing their funding, and the markets’ reaction will be critically important, we will continue to examine how the existing regulatory framework, including the TLAC requirement, balances strong, effective regulation with the need to ensure that banks can effectively support economic growth and opportunity.”
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The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $9 trillion in loans.