TLAC Implementation in the U.S. and the EU

IFLR Webinar

16 Mar 2017 11:00 a.m. - 12:30 p.m. EDT

Trevor Starer
(212) 336-4310

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The end of 2016 saw the publication of the U.S. Federal Reserve Bank’s final TLAC rules and the European Commission’s legislative proposals for the implementation of TLAC into the Bank Recovery and Resolution Directive and Capital Requirements Regulation in the EU. We will discuss the details of these rules and proposals and their effect on both future capital raisings by banks and existing stocks of bank debt, including:

  • MREL subordination requirements and the effect of jurisdictional differences;
  • Key cross-Atlantic differences in TLAC;
  • Eligibility of different products, including structured notes;
  • Recent TLAC/MREL issuances; and
  • The resolution process for GSIBs.


  • Michael Benyaya
    Crédit Agricole Corporate and Investment Bank
  • Doncho Donchev
    Crédit Agricole Corporate and Investment Bank
  • Oliver Ireland
    Morrison & Foerster LLP
  • Jeremy Jennings-Mares
    Morrison & Foerster LLP



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