Addressing the TLAC, the Long-Term Debt Requirement, and the Clean Holding Company Requirements

PLI Webcast

02/17/2016 01:00 p.m. - 02:00 p.m. EST

Corporate Finance | Capital Markets, Banking + Financial Services, and Financial Institutions + Financial Services

Oliver I. Ireland

Oliver I. Ireland


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Trevor H. Starer
(212) 336-4310

The Federal Reserve Board’s proposed long-term debt requirement, a TLAC requirement and a clean holding company requirement for US G-SIBs, and the intermediate holding companies of foreign (non-US) G-SIBs subject to an IHC requirement will have a significant impact on bank funding. Similar requirements resulting from the Financial Stability Board’s final TLAC principles will affect non-U.S. G-SIBs. Given that banks are frequent debt issuers, the effects of these changes will impact the debt capital markets.

Please join Partner Oliver I. Ireland and Partner Anna T. Pinedo as they discuss:

  • The FRB’s proposed requirements;
  • The principal comments raised by market participants and likely FRB responses;
  • The principal differences between the FSB’s and the FRB’s approach;
  • Planning to comply;
  • Potential effects for foreign banks subject to both regimes; and
  • Anticipated effect on how banks will fund going forward.

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