Long-Term Debt Requirements Proposed for US Regional Banks

By Matthew Bisanz, James B. Carlson, Andrew J. Olmem, Anna T. Pinedo, David Schuette, Jeffrey P. Taft, Christopher Horn, David S. Bakst, Bradley Berman, Phyllis G. Korff & Jerry R. Marlatt on August 31, 2023

Posted in Corporate Governance, Financial Services, Regulatory, Structured Products

On August 29, 2023, US federal banking regulators issued a proposal for long-term debt (“LTD”) requirements on certain midsize and larger US banking organizations (the “LTD Proposal”). The LTD Proposal is important because it would require many regional and larger banking organizations to issue significant amounts of LTD. In this Legal Update, we provide background on the existing LTD requirements, discuss the LTD Proposal, and highlight some of its potential impacts.

Read our legal update.