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Summary
Bank capital and resolution frameworks have come under renewed scrutiny after recent high-profile cases exposed uncertainties regarding instrument hierarchy, triggers, and investor confidence. Banks face the dual challenge of maintaining strong capital positions while managing funding costs and market access. This environment favours institutions that clearly demonstrate how their liability structures absorb losses and support resolvability. Our webinar will examine the relevance of revisiting structural loss-absorbing capacity in banks and refocusing the prudential debate in light of Credit Suisse’s resolution and the subsequent international policymaker reflections on Additional Tier 1 (AT1) capital. The discussion will explore what these developments mean for capital structure, risk, and resolution planning, and how banks and stakeholders interpret evolving regulatory expectations.
Speakers
Crédit Agricole CIB
Michael Benyaya
Managing Director, co-Head of DCM Solutions & Advisory
Michael is Global co-head of the DCM Solutions and Advisory team, Managing Director at Crédit Agricole CIB.
He leads the financial institutions capital advisory expertise and advises FIG clients on regulatory capital and the structuring of hybrid instruments that meet regulatory, rating agency and accounting objectives. He has been involved in the structuring and execution of numerous recent capital instrument transactions for various issuers.
Algebris Investments
Bruno Duarte
Financial Credit Portfolio Manager
Bruno joined Algebris in 2019 as a portfolio manager, focusing on financial credit.
He began his career as a European Banks Equity Research analyst at Schroders Salomon Smith Barney (1998-2004) before moving to Fox-Pitt Kelton, a specialist equity boutique broker focused on the financial sector (2004-2006). In order to complement his equity experience, Bruno decided to join Barclays Capital in 2006; his role involved covering European financials on the bank’s credit trading desk over a period which spanned the global financial crisis.
Bruno moved to the buy side in 2012 with Claren Road Asset Management, a US-based hedge fund owned by the Carlyle Group, where he was a Managing Director focused across the entire capital structure of European financials. Prior to joining Algebris, in 2016 Bruno took on the role of portfolio manager at Copper Street Capital, a start-up dedicated global financials fund which won EuroHedge’s Event Driven category in 2017.
Bruno holds a MSc in International Securities and Investment Banking from the ISMA Centre (1998), a BA Hons (First Class) in Economics and Business from the University of Stirling (1997), as well as being a Chartered Financial Analyst.
S&P Global Market Intelligence
Mohsin Ali Khan
Director, EMEA Sell-Side Business Development
Mohsin is a Director in EMEA Sell-Side Business Development team at S&P Global Market Intelligence.
He works closely with Financial Institutions across EMEA to help drive efficiency and effectiveness in their workflows through adoption of Capital IQ Pro, the premier desktop offering of S&P Global Market Intelligence. Driving the desktop growth strategy, his responsibilities include strategy and planning, generating thought leadership, and designing go-to-market plans for Capital IQ Pro.
S&P Global Market Intelligence
Vanya Damyanova
Senior Reporter
Vanya is a senior reporter in the Europe, Middle East, and Africa financial news service of S&P Global Market Intelligence. She is responsible for writing exclusive features and data-driven insights on topics including investment banking, capital market and M&A trends, UK financial services and global banking regulation, as well as performance and strategy of UK, Swiss and German banks.
Questions?
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