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Dec 06, 2016

Implications for Bank Creditors: the Latest EU Banking Reform Proposals

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The European Commission recently announced an extensive package of banking reform proposals. Of particular interest to bank creditors, proposed amendments to the Bank Recovery and Resolution Directive aim to amend the creditor hierarchy in European bank resolution and insolvency proceedings. The Commission is also proposing changes to the onerous requirement that banks procure third party agreements to the recognition of bail-in for contracts governed by the laws of a third country. The timing of these proposals is significant because in both areas national rulemakers in different EU Member States are currently implementing, or planning to implement, differing requirements. This note discusses the Commission’s proposals in the context of the bail-in tool with a particular focus on the implications for creditors.

View full memo, Implications for Bank Creditors: the Latest EU Banking Reform Proposals

Authors and Contributors

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Hervé Letréguilly

Partner

Capital Markets

+33 1 53 89 71 30

+33 1 53 89 71 30

Paris

Tobia Croff

Partner

Capital Markets

+39 02 0064 1509

+39 02 0064 1509

Milan

Kolja Stehl

Counsel

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5864

+44 20 7655 5864

London

Sandy Collins

Professional Support Lawyer

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5601

+44 20 7655 5601

London

Daniel Frost

Associate

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5080

+44 20 7655 5080

London

Oliver Linch

Associate

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5715

+44 20 7655 5715

London

Wilf Odgers

Associate

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5060

+44 20 7655 5060

London

Inyoung Song

Associate

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5729

+44 20 7655 5729

London

Ellerina Teo

Associate

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5070

+44 20 7655 5070

London