BRRD and Bail-in

IFLR Webinar

04/28/2015 12:00 p.m. - 01:15 p.m. BST

Banking + Financial Services, Capital Markets, Financial Institutions | Europe, Securities Offerings | Europe, and Financial Institutions + Financial Services

Jeremy C. Jennings-Mares

Jeremy C. Jennings-Mares

Webinar

Download Presentation Materials

Harrison Lawrence
hlawrence@mofo.com
(212) 336-4004

The Bank Recovery and Resolution Directive (BRRD) has now been adopted in the EU and most of its provisions were required to become effective in member states as from January 1 2015.

The BRRD harmonises 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 and finalised guidance and rulemaking is still awaited on various issues during the course of 2015.

This session 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 and the possible attitudes of investors in bank liabilities.

Speakers:

  • Isaac Alonso, UniCredit Bank
  • Jeremy Jennings-Mares, Morrison & Foerster LLP

Email Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

©1996-2018 Morrison & Foerster LLP. All rights reserved.