Phyllis G. Korff

Aug 31, 2023 | lexology.com | Edward S. Best |Matthew Bisanz |Jennifer Carlson |Andrew Olmem |Anna Pinedo |David A. Schuette | +6 more

On August 29, 2023, US federal banking regulators issued a proposal for long-term debt (“LTD”) requirements for certain midsize and larger US banking organizations (the “LTD Proposal”).1 The LTD Proposal is important because it would require many regional and larger banking organizations to issue significant amounts of LTD. While it would be phased-in over three years, regulators estimate that affected banking organizations would need to issue approximately $70 billion of new LTD over that time.