11/15/2011 11:00 a.m. - 12:00 p.m. EST
Capital Markets, Covered Bonds, Financial Institutions + Financial Services, Securities Offerings | Europe, Financial Institutions | Europe, and Structured Finance + Securitization
Peter J. Green
During the financial crisis, certain national authorities imposed losses on holders of senior unsecured debt obligations of financial institutions either in connection with or as a condition to capital injections or other recapitalization efforts. In the aftermath of the financial crisis, the notion that holders of senior unsecured debt of financial institutions should bear losses prior to any taxpayer funded recapitalizations has gained momentum and this approach is now reflected in various regulatory proposals. We will discuss the various regulatory proposals that call for "haircutting" or "bailing in" senior debt of financial institutions, we will examine the effect of these measures on the funding approaches taken by financial institutions, including liability management in respect of existing funding.
Panel Will Discuss:
NY CLE and UK CPD credit is pending.
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