Financing and liability management developments

IFLR, Morrison & Foerster, HSBC
Financial regulatory reform legislation requires Federal banking agencies to establish minimum leverage and risk-based capital requirements. The legislation will effect a number of important changes for insured depository institutions and bank holding companies.

Financial institutions also are evaluating the impact of the proposed Basel III framework on regulatory capital requirements. These changes will affect funding costs for financial institutions going forward. Banks should begin planning now and will be required to consider a number of alternatives.

Topics will include:
•changes effected by legislation, including minimum leverage capital and risk-based capital requirements;
•the Basel III process;
•a review of hybrid securities (tax characteristics, legal form, ratings treatment);
•effect of Dodd-Frank and Basel III on certain instruments, like trust preferred securities and other innovative hybrids;
•contingent capital;
•effect of these developments on ratings for financial institutions;
•addressing outstanding hybrid securities;
•tax considerations; and
•consent solicitations, remarketings and exchange offers and other liability management options.

Speakers:
Thomas A Humphreys, Morrison & Foerster LLP
Anna Pinedo, Morrison & Foerster LLP
Benjamin Katz, HSBC
Lukas Becker, IFLR
Jun 29 2011
90 mins
Financing and liability management developments
liability management
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  • Foreign banks raising capital in the US May 12 2014 3:00 pm UTC 90 mins
    Foreign banks are increasingly looking to diversify their financing options. With careful planning, they can access US investors without subjecting themselves to the securities registration requirements applicable to public offerings, or the ongoing disclosure and governance requirements applicable to US reporting companies.

    Speakers on this webinar will explain how non-US banks can pursue these funding avenues.

    Topics include:
    - Issuances exempt from registration under rule 144A;
    - Issuances that rely on registration exceptions provided by Securities Act section 3(a)(2) for securities offered or guaranteed by banks;
    - Setting up a rule 144A or bank note programme for straight debt;
    - Issuing covered bonds in reliance on rule 144A or Section 3(a)(2);
    - Yankee CD programmes; and
    - Banking and securities regulatory requirements to consider before setting up an issuance programme.

    Speakers:
    - Brad Berman, Morrison & Foerster
    - Jerry Marlatt, Morrison & Foerster
    - Danielle Myles, IFLR (moderator)

    California and New York CLE credit will be offered for this webinar
  • European Developments Affecting Structured Notes & Retail Investment Products Recorded: Apr 7 2014 90 mins
    This briefing will consider recent developments affecting structured notes and retail investment products in Europe.

    The participants will focus on the progress of the proposed PRIPS regulation in the EU and related regulatory developments including MiFID II and the on-going debate between legislators, regulators and market participants to the suitability of certain complex products for retail investors.

    Speakers:

    Peter Green, Mofo
    Jeremy Jennings-Mares, Mofo
    Christopher Taylor, The Investment Bridge
    Tom Young, IFLR (moderator)
  • The Volcker Rule Recorded: Feb 28 2014 90 mins
    On December 10 2013, the five US bank regulators issued the long-awaited final rule construing the Volcker Rule. This rule generally prohibits banking entities – a broad term that includes banks, bank holding companies, foreign banks treated as bank holding companies, and their respective affiliates – from (i) engaging in proprietary trading, and (ii) acquiring or retaining ownership interests in, or acting as sponsors to, certain hedge funds and private equity funds.

    The final rule incorporates significant changes to the proposed rule, published on November 7 2011, which were made in response to the large number of comments received on the original proposal.

    This webcast is will summarise certain impacts of the final rule on banking institutions, including foreign banking organisations. We shall address aspects of the final rule, including:
    • the exemption for proprietary trading
    • limitations on permitted trading and fund activities
    • fund investment and sponsorship
    • impact on foreign banking organisations
    • definition of a covered fund
    • impact on securitisations
    • compliance programmes
    • conformance period

    Speakers are:
    • Henry M Fields, Morrison & Foerster
    • Oliver I Ireland, Morrison & Foerster
    • Kenneth E Kohler, Morrison & Foerster
    • Daniel A Nathan, Morrison & Foerster
    • Gary Rosenblum, Bank of America Merrill Lynch
    • Danielle Myles, IFLR (moderator)

    New York and California CLE credit will be offered for this webinar
  • Dodd-Frank implementation: what to expect in 2014
 
 Recorded: Jan 30 2014 90 mins
    Three-and-a-half years have passed since the enactment of the Dodd-Frank Act. Join us as we examine the most significant developments from 2013 including finalisation of the US regulatory capital rules, the regulatory framework for the mortgage market, and the Title VII framework for the regulation of derivatives.

    We will also discuss the key rules expected to be finalised in 2014, including:
    • the liquidity coverage ratio requirement, a long-term debt requirement, and measures to address reliance on short-term wholesale funding;
    • enhanced prudential standards;
    • risk retention requirements;
    • the Volcker Rule, derivatives push-out and the remaining pieces of the derivatives regulatory regime under Title VII; and
    • other significant Dodd-Frank milestones.

    Speakers:
    • Anna Pinedo, Morrison & Foerster
    • James Schwartz, Morrison & Foerster
    • Kenneth Kohler, Morrison & Foerster
    • Robert Dilworth, Bank of America Merrill Lynch
    • Danielle Myles, IFLR (moderator)

    New York and California CLE credit will be offered for this webinar
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    All IFLR Women in Business Law Group members are invited to join the first Group webinar. Topics:
    • LinkedIn – making yourself contactable and showing
    yourself in the best light; and using Twitter and Facebook;
    • Social networking and keeping in touch with old colleagues;
    • How are your clients and colleagues using social media;
    • Winning business and promoting your services through social media and finding the right communities for you

    Speakers: Sarah Lawrence, senior associate, DLA Piper; Lucy McNulty, managing editor, IFLR; Callum Sinclair, partner, DLA Piper; and Marissa Pick, senior social media marketing manager, Euromoney Institutional Investor
  • US taxation of financial products: a mid-year update Recorded: Jul 16 2013 90 mins
    Federal income tax rules for financial products are constantly developing and changing, and 2013 has been no different.
    This webinar will provide an update on recent US tax developments involving structured notes, swaps, options, futures and other financial products.
    We will also discuss the mark-to-market system for financial derivatives that is being floated in Congress as part of fundamental tax reform, and consider what it might mean for various types of financial products.

    Speakers:
    Thomas A Humphreys, Morrison & Foerster
    Remmelt A Reigersman, Morrison & Foerster
    Danielle Myles, IFLR (moderator)
  • Bank of England: how to solve Too Big To Fail Recorded: May 23 2013 3 mins
    The UK central bank’s Andrew Haldane tells IFLR why breaking-up-the-banks shouldn’t be the only resolution option for today’s banking behemoths
  • Bank of England: the future for bank solvency metrics Recorded: May 23 2013 6 mins
    According to the UK central bank’s Andrew Haldane, leverage ratios must be part of the solution to the regulatory quest to simplify the existing risk-based capital standards. Here’s why
  • BoE’s Andrew Haldane: how to rehabilitate securitisation Recorded: May 23 2013 7 mins
    The Bank of England’s Andrew Haldane outlines how best to regulate the burgeoning shadow banking sector
  • Bank of England: the risk of ‘zero interest rates’ Recorded: May 23 2013 8 mins
    The Bank of England’s Andrew Haldane discusses the unintended consequences of an extended period of low interest rates and reveals why the threat of bursting bubbles as interest rates normalise does not concern him
  • Dodd-Frank Act Title VII Update Recorded: May 21 2013 93 mins
    As we near the third anniversary of the passage of the Dodd-Frank Act, many of the principle elements of the regulatory framework for OTC derivatives in the US have been finalised. That being said, given the need for many interpretative releases and no-action or exemptive relief, and various implementation delays, market participants are still grappling with new requirements. This webinar will review the status of:

    Swap Dealer and MSP registration;
    Swap data recordkeeping;
    Swap data reporting; and,
    Mandatory clearing;

    Panelists will discuss the major unfinished rulemaking areas. These include:

    OTC margin requirements;
    Swap execution facilities;
    Extraterritoriality;
    Additional mandatory clearing designations;
    SEC Title VII implementation;
    Related areas such as the Volcker Rule, Lincoln Amendment; and,
    Proposed legislation/future prospects.
  • IFLR: South Africa focus Recorded: May 16 2013
    The South Africa panel from the IFLR Africa Forum, May 14, 2013. Recent political and regulatory developments; Investment trends in South Africa; South Africa as a springboard for investment into the rest of the continent; Developments in onshore versus offshore debt capital markets.
  • Africa’s financing future: a project finance update Recorded: May 16 2013 4 mins
    Dentons partner Tom Eldridge discusses financing trends in Africa, and how Chinese investment into the continent will develop
  • Nigeria’s power projects: how to invest Recorded: May 16 2013 5 mins
    White & Case’s Kirsti Massie outlines how Nigeria’s power sector is changing and explains the key considerations for foreigners financing Nigerian Projects
  • IFLR: South Africa focus Recorded: May 14 2013 31 mins
    The South Africa panel from the IFLR Africa Forum, May 14, 2013. Recent political and regulatory developments; Investment trends in South Africa; South Africa as a springboard for investment into the rest of the continent; Developments in onshore versus offshore debt capital markets.
  • IFLR: Dealing in African debt capital markets Recorded: May 14 2013 63 mins
    The debt capital markets panel from the IFLR Africa Forum, May 14, 2013; Dealing with the demands of African sovereign deals; Structuring international debt for African borrowers; A role for sukuk to play?; How the continent is coping with global economic constraints
  • New bank capital rules: are CoCos the answer? Recorded: Apr 17 2013 90 mins
    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:
    · Anna Pinedo, Morrison & Foerster
    · Tom Humphreys, Morrison & Foerster
    · Anthony Ragozino, UBS
    · Danielle Myles, IFLR (moderator)
  • IFLR: Winning back confidence in securitisation Recorded: Apr 9 2013 51 mins
    A panel from the IFLR European Capital Markets Forum on April 9 at the Waldorf in London.

    • Prime Collateralised Securities initiative - lessons from first issuances
    • Opportunities to revive the CMBS market?
    • Dodd-Frank and its impact on commodity pools
    • Solvency II interpretation
    • Increase in fixed rate deals and deals structured without need for swap counterparty
    • Developments: covered bonds and project bonds

    Jerry Marlatt, senior counsel, Morrison & Foerster (chair)
    Brad Duncan, director and deputy general counsel, Citigroup
    Steven Gandy, managing director and head of securitisation, Santander Global Banking & Markets

    For more information and coverage of the event, please visit www.iflr.com/ecm2013
  • IFLR: Debt developments, managing liability and raising funds Recorded: Apr 9 2013 54 mins
    Audio recording of the first panel of the IFLR European Capital Markets Forum 2013 at the Waldorf in London on April 9.

    • Structuring and planning liability management exercises
    • Banks and links to sovereigns
    • The differences between bail-in bonds and contingent capital: more activity?
    • Sovereign new issues: what to look out for

    Michael Doran, partner, White & Case (chair)
    Bruce Duncan, managing director and counsel, banking and capital markets origination legal, Citigroup
    AJ Davidson, managing director and head of hybrid capital & balance sheet solutions - EMEA & APAC, Royal Bank of Scotland
    Gavin McLean, partner, White & Case

    For more information and coverage of the event, please visit www.iflr.com/ecm2013
  • International Listing – Is China ready for it? Recorded: Mar 19 2013 75 mins
    A reform-minded Politburo Standing Committee, the introduction of a new payments system and the potential future full convertibility of the renminbi all point towards an explosion of activity in China’s capital markets this year. Though the long-awaited International Board of the Shanghai Stock Exchange has no clear timeline yet to proceed, foreign companies are expressing strong interest to listing in China.

    This webinar will provide a practical guide to opportunities in China’s capital markets. The speakers will focus on:

    - Existing listing regime in China
    - International Board of the Shanghai Stock Exchange: closer or not?
    - Potential benefits for international companies
    - Key terms of the draft Listing Rules
    - Comparison of listings in China and Hong Kong

    Speakers:

    Matthew Bersani, Asia Managing Partner, Shearman & Sterling
    Colin Law, Head of Hong Kong Law Practice, Shearman & Sterling
    Liu Gang, Partner, Commerce & Finance Law Offices (Tongshang)
    Lucy McNulty, IFLR (moderator)

    CPD & New York and California CLE credit will be offered for this webinar
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  • Title: Financing and liability management developments
  • Live at: Jun 29 2011 3:00 pm
  • Presented by: IFLR, Morrison & Foerster, HSBC
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