BIS central bankers’ speeches  1  Worker remittances from the United States dropped amid the global financial crisis, and since 2010 have exhibited a discontinuous recovery, reaching nominal pre-crisis levels only recently. These money transfers contribute substantially to the standard of living of many families in Mexico, helping them to meet basic needs, such as longer schooling and better housing.
At least some of  12  Our internal TLAC proposal effects this balance principally by not including parent GSIB surcharges in the calibration for FBO intermediate holding companies but also by lowering the baseline TLAC requirement for U.S. intermediate holding company subsidiaries of single-point-of-entry strategy FBOs from 18 percent of riskweighted assets to 16 percent of risk-weighted assets.