TLAC Bonds: What you should know

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments.

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Total Loss Absorption Capacity (TLAC) Bonds were first introduced in 2015 to ensure that global systemically important banks (G-SIBs) have enough equity and bail-in debt to pass losses to investors and minimise the risk of a government bailout. As TLAC bonds are getting increasing focus from investors lately, our experts explain their key features as well as the risks related to investing in these instruments. They’ll also give a brief background on how they came about after the 2007-2009 Global Financial Crisis. Learn more in this episode with Marian Mak, Head of Asia Fixed Income Specialists in Hong Kong and Laura Wong, Asia Fixed Income Specialist in Singapore at Julius Baer.