4  Under the proposal, a U.S. GSIB would be required to hold at a minimum (i) a long-term debt amount of the greater of 6 percent plus its GSIB surcharge of risk-weighted assets and 4.5 percent of total leverage exposure and (ii) a TLAC amount of the greater of 18 percent of risk-weighted assets and 9.5 percent of total leverage exposure.
As already pointed out, the prospect of lower interest rates abroad should help alleviate some short-term pressures on EMEs, especially in the monetary and financial fronts.