A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On November 9, 2015, the Basel Committee published a consultation paper on TLAC holdings, setting out the proposed prudential treatment of investments in TLAC-qualifying instruments by both G-SIBs and non-G-SIBs that are subject to the Basel Committee's standards.
On November 9, 2015, the Basel Committee published a
consultation paper on TLAC holdings, setting out the proposed
prudential treatment of investments in TLAC-qualifying instruments
by both G-SIBs and non-G-SIBs that are subject to the Basel
Committee's standards. The consultation proposes that banks
deduct their holdings of TLAC instruments from their regulatory
capital, subject to certain thresholds, and seeks to limit
contagion within the financial system should a G-SIB enter into
resolution. The consultation also sets out revisions that are
required to the text of Basel III, specifying how G-SIBs must take
on board TLAC requirements when calculating regulatory capital
buffers. Comments are due by February 12, 2016.
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