New Bank Capital Rules: Are CoCos the Answer?

IFLR Webcast

04/17/2013 11:00 a.m. - 12:30 p.m. EDT

Capital Markets, Banking + Financial Services, Financial Institutions + Financial Services, and New Products

Anna T. Pinedo and Thomas A. Humphreys

Anna T. Pinedo and Thomas A. Humphreys

Webinar

Joseph Marano
jmarano@mofo.com
(212) 336-4316

For presentation materials, click here.

Financial institutions in Europe and the US are considering a range of products to address their funding needs. It's a difficult task, as it's still not known which products will receive beneficial regulatory capital treatment. National regulators also have provided guidance on additional or so-called buffer capital, as well as contingent capital products.

European banks have recently issued contingent capital products - or CoCos - and we expect additional offerings to be forthcoming. These issuances face an uncertain regulatory framework, and evolving market practice. This webinar will discuss these considerations, focusing on:

  • Basel III guidance and status of implementation;
  • Bail-in capital, including national guidance;
  • Contingent capital products and structures;
  • Market experience;
  • Tax, ratings, corporate governance and other considerations relating to contingent capital; and
  • Investor perspective.

Speakers:

  • Thomas Humphreys, Morrison & Foerster LLP
  • Anna Pinedo, Morrison & Foerster LLP
  • Anthony Ragozino, UBS
  • Danielle Myles (moderator), IFLR

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