Federal Reserve’s Final Rule on TLAC, Eligible LTD and Clean Holding Company Requirements
Client Memorandum

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The following is the Davis Polk visual memorandum analyzing the Federal Reserve’s final rule on total loss-absorbing capacity (TLAC), eligible long-term debt (LTD) and clean holding company requirements for U.S. global systemically important banking organizations (G-SIBs) and U.S. IHCs of foreign G-SIBs, which is intended to further improve their resiliency and resolvability.