EU Bail-In Powers and Transaction Structuring

16 Oct 2014 11:00 a.m. - 12:00 p.m. EDT

Harrison Lawrence
(212) 336-4004

Listen to Presentation Materials

The Bank Recovery and Resolution Directive (BRRD) has now been adopted in the EU and will harmonize the range of resolution tools available to supervisory authorities in the EU in the event of the failure of major financial institutions. A key cornerstone of the new legislation is the introduction of a new “bail-in” power available to regulatory authorities enabling them to require the write-down or conversion into equity of a wide range of unsecured senior debt as part of the resolution of a failing institution. Uncertainty remains as to the full extent of the bail-in powers and the range of instruments it is likely to apply to.

During this session, we will consider the scope of the bail-in power and how it might be applied in practice as well as discussing how this might affect the structuring of financial instruments issued by banks.




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