Capital instruments for Bulgarian banks and insurers: Opportunities in a changing regulatory landscape
5 November 2026

Agenda

09:00 – 09:15 | Welcome and opening remarks

09:15 – 10:00 | Session 1: The regulatory context for capital instruments of banks and insurers

Banks:

• Requirements for AT1, Tier 2 and MREL-eligible liabilities
• Who approves what after euro adoption: ECB, SRB and BNB roles for capital instruments and MREL

Insurers:

• New EU rules from January 2027: the Solvency II and the new Insurance Recovery and Resolution Directive (IRRD), which introduces pre-emptive recovery planning and resolution powers for insurers
• Subordinated bonds as a capital tool

10:00 – 10:45 | Session 2: Focus point — bonds: Structuring, documentation and market trends

The current market for bank capital bonds, bank senior bonds and insurance subordinated bonds in CEE/SEE

• ​Key structuring and required documentation
• Recent transactions, emerging trends and recent developments in capital market law

10:45 – 11:00 | Coffee break and networking

11:00 – 11:45 | Session 3: Securitisation

• Securitisation as a complementary tool for capital management
• Main types of securitisation structures and how they can support capital relief
• The EU regulatory framework for securitisation and recent developments

11:45 – 12:00 | Q&A and closing remarks

12:00 | Networking lunch

Speakers:

Katerina Kraeva, Partner, Sofia
Nikolaus Dinhof, Counsel, Vienna
Christine Siegl, Counsel, Vienna
Mag. Sebastian Prakljacic, Senior Associate, Vienna

Time & Place

Date: 5 November 2026
Time: 09:00 – 12:00 EET
Location: Wolf Theiss, Office Park Expo 2000, Phase IV , 55 Nikola Vaptsarov Blvd, 1407 Sofia, Bulgaria

Registration

Participation is free, upon your confirmation. The event will be held in English. For further information, please contact: maria.todorova@wolftheiss.com. Please register using the Register-button.