The federal banking regulators have proposed extending long-term debt and clean holding company requirements to non-GSIB large banking organizations, certain intermediate holding companies of foreign banking organizations, and large insured depository institutions, as well proposing other important changes to the eligibility criteria for long-term debt.
SIFMA members are invited to join a forum in Washington, DC on Tuesday, September 12, where we will hear a keynote address by FDIC Vice Chair Travis Hill and in-depth panel discussions on the proposal's impacts and potential areas for reform.
Peter Ryan, Managing Director and Head of International Capital Markets and Strategic Initiatives, SIFMA
Travis Hill, Vice Chairman, Federal Deposit Insurance Corporation (FDIC)
Joseph Seidel, Chief Operating Officer, SIFMA
Panelists
Charles Von Althann, Partner, PwC
Mike Verdeschi, Managing Director, Deputy Chief Financial Officer, Charles Schwab
Augie Husmillo, Head of Corporate Funding Strategy, Execution, and Pricing, Truist
Randall D. Guynn, Chair, Financial Institutions, Davis Polk & Wardwell
Moderator
Jonathan Gould, Partner, Jones Day
A Discussion of the Minimum Denomination Requirement and its Potential Impacts on Investor Demand and Market Liquidity
Panelists
Felton C. Booker, Managing Director, Head of Recovery and Resolution Policy, JPMorgan Chase
Lucy Brusco, Head of Treasury Legal, Morgan Stanley
Lindsey Keljo, Managing Director and Associate General Counsel, Head of Asset Management Group, SIFMA
Moderator
Peter Ryan, Managing Director, Head of International Capital Markets and Strategic Initiatives, SIFMA
For sponsorship inquiries, please contact Scott Kramer at 212.313.1119.
This Forum is open to employees of SIFMA member firms only. Questions? Please contact SIFMA Conferences.
Portions of this Forum are open to the media. Please contact Lindsay Gilbride for our press policy and to register.
Inappropriate behavior at SIFMA events is not tolerated. View our Code of Conduct and anonymous incident report form.
Cancelations received before or on September 1 will receive a refund minus a $25 cancelation fee. Substitutions are welcome; please contact SIFMA Conferences.
It is a priority to make our events inclusive and accessible for all. For questions or requests, please contact SIFMA Conferences.
SIFMA and our Asset Management Group (SIFMA AMG) support efforts to ensure there is adequate loss-absorbing capacity in the U.S. banking system.
However, as currently written, the proposal threatens to materially impede investor demand for long-term debt securities, while simultaneously increasing the supply of these instruments to the market. As a result, the proposal would have significant adverse effects on funding costs for covered entities and on the liquidity of the funding markets for covered entities.
Discover more at www.sifma.org/prudential-regulation.

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