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New bank capital rules: are CoCos the answer?

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.

· Anna Pinedo, Morrison & Foerster
· Tom Humphreys, Morrison & Foerster
· Anthony Ragozino, UBS
· Danielle Myles, IFLR (moderator)
Recorded Apr 17 2013 90 mins
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Presented by
Morrison & Foerster, UBS, IFLR
Presentation preview: New bank capital rules: are CoCos the answer?

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    Already this year’s IPO market appears to be rebounding. During the session, the presenters will discuss:

    • Whether cross-over (or late stage) private rounds still remain an important milestone on the road to the IPO;
    • US IPO activity (sectors, VC- and PE-backed companies, foreign private issuer activity, syndicate structures);
    • Disclosure and governance trends among IPO issuers;
    • Dual track processes and the legal and business considerations;
    • Multiple share classes; and
    • Other developments.
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    • MREL subordination requirements and the effect of jurisdictional differences;
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    • Eligibility of different products, including structured notes;
    • Recent TLAC/MREL issuances; and
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    Nb: By signing up for IFLR webinars, you agree to receive follow-up communications from IFLR and the webinar sponsor but you can unsubscribe at any time
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    Anna Pinedo, Partner, Morrison & Foerster
    Bradley Berman, Of Counsel, Morrison & Foerster
    Tom Young, Managing editor, IFLR
  • Planning for financings in volatile markets Recorded: Jul 12 2016 102 mins
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  • TLAC, the long-term debt requirement, and the clean holding company proposal Recorded: Dec 17 2015 90 mins
    Morrison & Foerster, UBS, IFLR
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    In this webinar, speakers will discuss:
    - The global private placement market and recent trends
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    - Documentation requirements for traditional and structured transactions
    - Financial covenants, MFLs and model form provisions
    - New issuers using the market (social housing trusts, universities, investment trusts etc)
    - Marketing process with agented and direct private placements
    - Ratings and the NAIC

    - Scott Ashton, Morrison & Foerster
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    - Akshay Shah, Barclays
    - Tom Young, IFLR (moderator)
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    The panel will also comment on whether it is possible to have a consistent global compliance program and if so, what should it look like?

    Hogan Lovells' presenters:
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    James Doyle, partner, Hogan Lovells (London)
    Bronwen May, partner, Hogan Lovells (Hong Kong)
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    -Status of cross border harmonisation; and
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    Confirmed speakers include:
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    Matthew Readings & James Webber, Shearman & Sterling; Mark Bethell, FCA; Natalie Greenwood, Lloyds; Sharon Horwitz, CMA
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    • FCA’s ability to resolve issues itself vs make a reference to the CMA;
    • Likelihood of FCA Competition Act cases; and
    • Civil litigation implications.

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  • Title: New bank capital rules: are CoCos the answer?
  • Live at: Apr 17 2013 3:00 pm
  • Presented by: Morrison & Foerster, UBS, IFLR
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