CapLaw-2015-15

  • Inaugural Issuance of TLAC-Eligible Senior Unsecured Notes by Swiss Bank

    On 26 March 2015, Credit Suisse issued USD 4 billion senior unsecured debt that intends to be eligible to meet the Financial Stability Board’s proposal and envisaged future Swiss standards for instruments counting towards a total loss absorbency capacity (TLAC) requirement. By René Bösch/Benjamin Leisinger (Reference: CapLaw-2015-15) 1) Background and Developments a) The Idea In…

    By

    René Bösch

    /

    Benjamin Leisinger

    Reference:
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