FSB has published its final TLAC standard for global systemically important banks (G-SIBs). The TLAC standard seeks to define a minimum requirement for the instruments and liabilities that should be readily available for bail-in within resolution at G-SIBs. From 1 January 2019, G-SIBs will have to meet a minimum TLAC requirement of 16% of their resolution group’s risk-weighted assets, rising to 18% from 1 January 2022. From 1 January 2019, minimum TLAC must also be at least 6% of the Basel III leverage ratio denominator, rising to 6.75% from 1 January 2022. There will be a later start for G-SIBs from emerging market economies. (Source: FSB Issues TLAC Standard for G-SIBs)