SocGen’s TLAC ratios drop following senior preferred debt exclusion
Bank’s decision to waive CRR option pushes bail-in funds to lowest since 2020
Societe Generale opted to stop including senior preferred debt from its total loss-absorbing capacity (TLAC) calculations in the second quarter. The decision resulted in the bank’s TLAC ratios falling to their lowest levels since 2020.
As of the end of June, Societe Generale’s TLAC ratio as a percentage of its risk-weighted assets (RWAs) dropped to 28.4%, down from 32.4% three months earlier. The TLAC ratio as a percentage of the bank’s leverage exposures also decreased, falling by 1.1
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