News & Analysis as of September 20, 2024

European Union › TLAC

+ Follow

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Regulation Round Up - October 2022

Proskauer Rose LLP on 10/5/2022

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. ...more

Single Resolution Board Launches Consultation on Minimum Requirements for Own Funds and Eligible Liabilities Policy

A&O Shearman on 3/4/2020

The Single Resolution Board has launched a consultation on proposed changes to its policy on minimum requirements for own funds and eligible liabilities (MREL) for Eurozone banks, designed to bring the SRB’s MREL policy in...more

Financial Stability Board Publishes 2019 Resolution Report

A&O Shearman on 11/25/2019

The Financial Stability Board has published its 2019 Resolution Report, providing updates on its implementation of policy measures to enhance the resolvability of systemically important financial institutions. Key areas of...more

Financial Regulatory Observer – June 2019: EU Banking reforms imminent

White & Case LLP on 6/28/2019

The Banking Reform Package marks a milestone in the new EU regulatory landscape. On 27 June 2019, a series of measures referred to as the Banking Reform Package comes into force, subject to various transitional and staged...more

The EU Risk Reduction Package: The Countdown for Restructuring the MREL Base Has Just Begun

Jones Day on 5/2/2019

The pending EU risk reduction package is highly relevant for the whole EU banking sector. It addresses the capital provisioning required by banks to facilitate potential resolution measures by resolution authorities if a bank...more

Financial Regulatory Observer – March 2019: EU Regulatory Capital Wall Chart

White & Case LLP on 3/26/2019

Essential features of bank capital regulation across Europe in one handy wall chart. Regulatory capital requirements for prudentially supervised financial services companies across Europe are complex and changing rapidly....more

Financial Stability Board Seeks Comment on Technical Implementation of TLAC

A&O Shearman on 6/20/2018

The Financial Stability Board is seeking feedback on the technical implementation of standards on the adequacy of total loss-absorbing and recapitalization capacity for Global Systemically Important Banks in resolution - the...more

2018: Business As (Un)usual – European Financial & Regulatory Developments into 2018

Broker-Dealer Compliance + Regulation on 2/5/2018

2017 in the UK and the rest of Europe seems to have been primarily a year devoted to implementation – both of political decisions already made and of legislation that had already been enacted. On the political front, Brexit...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 11/17/2017

SEC Announces the Formation and First Members of Fixed Income Market Structure Advisory Committee - On November 9, 2017, the Securities and Exchange Commission ("SEC") announced the formation and first members of its Fixed...more

ECB Opinion on Implementation of TLAC

Orrick - Finance 20/20 on 11/16/2017

On November 10, 2017, the European Central Bank (“ECB“) published an opinion (dated November 8, 2017) on the European Commission’s legislative proposals to implement the Financial Stability Board’s (FSB) total loss absorbing...more

A New Category of Debt Securities in Belgium: Senior Non-Preferred Notes

Jones Day on 8/2/2017

On July 20, 2017, Belgium adopted legislation establishing a new category of debt securities available to credit institutions and investment firms ("banking institutions"). The law provides for a new Article 389/1 into the...more

Legal and regulatory issues adversely affecting banks in Trade and Supply Chain Finance

Sullivan & Worcester on 7/28/2017

Following a meeting of the Basel committee in March this year, the Chairman Stefan Ingves, announced that the committee has made further progress towards the finalization of the Basel III accord are stricter capital rules and...more

Uncertain Seas: European Financial and Regulatory Developments into 2017

Broker-Dealer Compliance + Regulation on 1/17/2017

Charting New and Dangerous Waters - Lloyd George and Epictetus may be long gone but their words have much resonance with the events of 2016. The political fallout from the UK’s vote to leave the European Union (“EU”)...more

European Banking Authority Publishes Final Report on MREL Framework

A&O Shearman on 1/13/2017

The European Banking Authority published its final Report on the design and implementation of the minimum requirement for own funds and eligible liabilities framework. MREL is the EU equivalent of the US Total Loss Absorbing...more

Financial Stability Board Consults on Internal Loss-absorbing Capacity of G-SIBs

A&O Shearman on 1/6/2017

The Financial Stability Board published a consultative paper containing draft Guiding Principles on the internal total loss-absorbing capacity or Internal TLAC of global systemically important banks. The FSB is proposing the...more

Structured Thoughts: News for the financial services community - Special Issue

Morrison & Foerster LLP - Structured Products on 12/27/2016

Final TLAC Rules and Structured Products - On December 15, 2016, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) issued its final rules regarding long-term debt and total loss absorbing...more

Brussels Regulatory Brief: December

K&L Gates LLP on 12/21/2016

January will bring some important changes in the internal composition and current leadership of the European Parliament (“EP”). Such changes are expected to shake the EP’s internal life, even without a shift in the general...more

Shaping MREL for European (and non-European) Banks

Morrison & Foerster LLP on 12/12/2016

The European Commission (“Commission”), on 23 November 2016, released its legislative proposals to amend the EU’s Bank Recovery and Resolution Directive (“BRRD”) to provide more detailed rules relating to the setting of MREL...more

New EU Banking Legislation Reforms

Morrison & Foerster LLP on 11/28/2016

On 23rd November 2016, the European Commission released a package of banking legislation reforms. Some of these were expected – in particular those related to the minimum requirement for eligible liabilities and own funds...more

Brussels Regulatory Brief: November

K&L Gates LLP on 11/23/2016

The European Commission (“Commission”) has recently published statistics concerning the European Union (“EU”) merger control review process. Typically, the Commission examines larger mergers with an EU dimension, meaning that...more

Draft EU Technical Standards on MREL Reporting

A&O Shearman on 11/9/2016

The European Banking Authority published for consultation draft Implementing Technical Standards on the reporting requirements of the minimum requirements for own funds and eligible liabilities. The ITS set out the procedures...more

International Standard for TLAC Holdings Published

A&O Shearman on 11/8/2016

The Basel Committee on Banking Supervision published the final Standard for Total Loss Absorbing Capacity holdings. The Financial Stability Board published the TLAC requirements for global systemically important banks in...more

Bankers' poll: TLAC and the future of bank debt

Morrison & Foerster LLP on 5/3/2016

To say bank bonds had a rocky start to 2016 would be an understatement. Over the first weeks of January, the market’s significant gains from last year were essentially wiped out, with European issuers hit particularly hard....more

The Long Long Game: The EU Financial Regulatory Agenda Into 2016 and Beyond

MoFo Reenforcement on 2/5/2016

2016 will mark the eighth anniversary of the collapse of Lehman Brothers and the raft of regulatory reforms introduced in the aftermath of that event and the wider financial crisis will continue to be implemented during the...more

24 Results

View per page

Page: of 1

European Union › TLAC

"My best business intelligence, in one easy email…"