février 24 2020

Canadian Bail-in and TLAC Requirements

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West LegalEdCenter

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Please join McCarthy Tetrault and Mayer Brown for this webinar on Canadian Bail-in and TLAC Requirements. During this session, we will address the Canadian federal rules relating to Bank Recapitalization (Bail-in) Conversion Regulations and Total Loss Absorbing Capacity (TLAC). Since the rules came into effect in September 2018, these rules have a significant impact on how the major Canadian banks (D-SIBs and now one G-SIB) offer debt securities in Canada, the United States and elsewhere. In particular, the speakers will address:

  • An overview of the regulatory framework and capital requirements;
  • How the framework differs from that in Europe and from the TLAC requirements in the United States;
  • Securities and instruments excluded from bail-in and ineligible for TLAC;
  • Changes to offering documents, program agreements, indentures and legal opinions;
  • Issuance trends and what to expect;
  • The impact on structured note offerings; and
  • The process for compensating debtholders.

Speakers:

  • Anna Pinedo, Mayer Brown LLP
  • Andrew Parker, McCarthy Tetrault LLP
  • Wendi Locke, McCarthy Tetrault LLP

CLE credit is pending.

For additional information or to register, please visit the event website.

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