
US regionals need at least two years for TLAC transition
Market participants think issuance will be feasible for largest, but only in calmer conditions

US regional banks should be able to meet looming requirements to issue bail-in debt, but market participants warn it will take time, and must be part of wider efforts to restore investor confidence in the sector.
“I would have a very sceptical view about any kind of real market access today for these kinds of bonds,” says John Roddy, co-head of financial services investment banking at Raymond James.
Jacques de Saint Phalle, head of the fixed income syndicate at investment bank Piper Sandler
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