Brexit threatens to reopen Asian bail-in clauses for EU banks

EU27 dealers had used English law contracts for Asian counterparties to comply with BRRD

Brexit can of worms
Infopro montage

A fix designed to make it easier for Asian subsidiaries of European Union banks to comply with resolution rules in their home jurisdiction is coming back to haunt dealers, amid the UK’s impending exit from the EU. European banks with a derivatives business in Asia but a bail-in entity based out of their headquarters will be affected, and as a result law firms say they have been inundated with client questions on possible contract renegotiations.

The trouble arises from Article 55 of the EU’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here