The U.S. Banking Agencies have issued final QFC Stay Rules which are designed to improve the resolvability and resilience of U.S. global systemically important banking organizations (G-SIBs) and the U.S. operations of foreign G-SIBs by mitigating the risk of destabilizing closeouts of qualified financial contracts (QFCs). The QFC Stay Rules require GSIBs to include new language in certain credit agreements if the related loan documents also support the borrower’s obligations under swaps or other qualified financial contracts. Our speakers reviewed the LSTA’s new language and explained how it satisfies the requirements of the QFC Rules.
Thursday, May 2, 2019
11AM to 11:25AM (ET)|Webcast Only
0.5 CLE Credit|Available for NYS Transitional and Non-Transitional – Areas of Professional Practice
- Bridget Marsh, LSTA, Intro
- Gabriel Rosenberg, Partner, Davis Polk
- Erika White, Counsel, Davis Polk