Saturday, February 13th, 2016
4:23 PM
Registration and Delegate Breakfast

4:23 PM
Welcome and Opening Remarks from AFME/ESF and IMN

4:23 PM
Global Market Overview and Outlook/ Macroeconomic Overview

  • Kevin Ingram, Partner, CLIFFORD CHANCE (Moderator)
  • Robert Liao, Managing Director, CITI
  • Juan Pérez-Campanero, Head Economist, SANTANDER GLOBAL BANKING AND MARKETS
  • Fabrice Susini, Global Head of Securitisation, BNP PARIBAS
  • Dominic Swan, Head of Team, HSBC BANK PLC
4:23 PM
Assessing the Relative Value of Securitisation in Today’s Funding & Investment Environment
• Securitisation as part of an overall funding strategy – how does it compare with senior funding, covered bonds and retail? • Central Bank liquidity: what steps should the industry and authorities take to reduce reliance? • Comparing funding strategies – is there a level playing field for securitisation?

  • Jennifer Hughes, Senior Markets Correspondent, FINANCIAL TIMES (Moderator)
  • Katherine Frey, Managing Director, Structured Finance - EMEA, MOODY'S INVESTORS SERVICE
  • Salim Nathoo, Partner, ALLEN & OVERY LLP
  • Lee Rochford, Head of FI Structuring & Advisory, EMEA, RBS
  • Marc Nocart, Co-Global Head of Securitisation , SG CIB
  • William Howard Davies, Senior Vice President, PIMCO
  • Robert Plehn, Head of Capital Markets, GE FINANCE
4:23 PM
Keynote Address

  • Elemér Terták, Principal Advisor, Financial Institutions, DG Internal Market & Services, EUROPEAN COMMISSION
4:23 PM
Refreshment Break in the Exhibit Hall

4:23 PM
Stream A European Residential and Real Estate Market Fundamentals
• Are current spreads an accurate reflection of risk? • How have Europe’s mortgage markets performed through the crisis? • What is the outlook as interest rates rise?

  • Peter Voisey, Partner, CLIFFORD CHANCE LLP (Moderator)
  • Andrew South, Managing Director, STANDARD & POOR’S RATINGS SERVICES
  • Trevor Pothecary, Chairman, RPS CAPITAL PARTNERS LTD
  • Gareth Davies, Managing Director , J.P. MORGAN
  • Srikanth Sankaran, Head of European ABS Strategy Research, MORGAN STANLEY
  • Annik Lambert, Secretary General , EUROPEAN MORTGAGE FEDERATION
4:23 PM
Stream B Issuers Roundtable
• How do investors, regulators and politicians perceive today’s securitisation industry? • How to address these perceptions? • Does new and increased regulation affect choice of funding? • What are the challenges of the current market outlook

  • Cecile Hillary, Managing Director, MORGAN STANLEY (Moderator)
  • Alexander Batchvarov, Managing Director, BANK OF AMERICA MERRILL LYNCH
  • Niek Allon, Associate Director , NIBC BANK
  • Werner Groenendijk, Managing Director Asset Based Funding, ABN AMRO
  • John Harvey, Head of Structured Finance, THE PARAGON GROUP OF COMPANIES PLC
  • Tom Ranger, Director of Funding, SANTANDER
4:23 PM
Stream C Solvency II
• Where does the process stand? • What are the implications for securitisation? • How will existing and potential new investors be affected? • Will it prevent insurers investing in securitisation?

  • Bob Haken, Senior Associate, NORTON ROSE LLP (Moderator)
  • Neil Hepworth, Structured Credit Portfolio Manager, CARVAL INVESTORS UK LTD
  • Robin Michaels, Head of Analytics, AGFE
  • David Skinner, Associate Director, PWC
  • Oliver Fochler, Managing Partner, STONE MOUNTAIN CAPITAL
4:23 PM
Stream D Pricing Valuation and Execution Challenges
- Has it become easier or more difficult for investors to achieve transparent pricing? - What are the current challenges in valuing assets? - Quality of deal execution: have issuers and arrangers learnt the lessons of the crisis?

  • Frank Serravalli, Lead Partner, PWC (Moderator)
  • John Calabrese, Managing Director, GUGGENHEIM SECURITIES, LLC
  • Russ Parentela, Global Head of Structured Products, BLOOMBERG
  • Neil McPherson, Managing Director, MARKIT
  • Leon Webb, Senior Pricing Analyst, Enterprise Solutions, MCGRAW-HILL FINANCIAL, A STANDARD & POOR'S COMPANY
4:23 PM
Stream A European Mortgage Credit Market Outlook – What does the future hold?
• What are today’s key origination trends? • How much have underwriting standards tightened? • Are we seeing the return of more aggressive lending? • What are the challenges of servicing poorly performing assets?

  • Simon Jones, Director, DEUTSCHE BANK (Moderator)
  • Michael Bolton, CEO & President, CLAYTON EURO RISK
  • Bart Verwaest, Head of Financial Engineering and Debt Management, BELFIUS BANK
  • Gregg Kohansky, Managing Director, FITCH RATINGS
  • Tom Ranger, Director of Funding, SANTANDER
  • Henri De Mont Serrat, Credit Research Analyst - ABS/CDO, NATIXIS
4:23 PM
Stream B The Impact Of Prudential Changes On Securitisation
• The New Resolution Regime, Bail-In and Basel III • The net stable funding ratio • The leverage ratio cap • Liquidity buffer eligibility

  • Ian Falconer, Partner, Finance, FRESHFIELDS BRUCKHAUS DERINGER LLP (Moderator)
  • Guy O Keefe, Partner, SLAUGHTER AND MAY
  • Olivier Renault, Head of Structuring & Advisory, STORMHARBOUR
  • Ashley Kibblewhite, Structured Finance, Prudential Risk Division , FINANCIAL SERVICES AUTHORITY
  • Alessandro Mandarini, Structured Capital Markets, UNICREDIT BANK AG
  • Christian Moor, Policy Expert, Securitisation & Covered Bonds and Market Risk, EUROPEAN BANKING AUTHORITY
4:23 PM
Stream C Article 122a: Practical Considerations around Implementation
� Due diligence and disclosure practice � Loan level data and other information sources � Originator credit granting standards � Risk retention methods and issues � Questions left to be addressed

  • Kevin Hawken, Partner, MAYER BROWN INTERNATIONAL LLP (Moderator)
  • Emma Matebalavu, Partner, CLIFFORD CHANCE
  • Pascal Richard, Senior Risk Specialist, FINANCIAL SERVICES AUTHORITY (FSA)
  • Franco Talavera, Sr. Director of Product Marketing & Strategy, LEWTAN
  • Douglas Long, EVP Business Strategy, PRINCIPIA PARTNERS
  • Gaby Trinkaus, Senior Manager, DELOITTE
4:23 PM
Stream D New Data and Disclosure Requirements
• Loan level and other data disclosure • Bank of England Discount Window eligibility • The cashflow model • The new ECB rules • Systems and business challenges

  • Thomas Parachini, Partner, DENTONS UKMEA LLP (Moderator)
  • Russ Parentela, Global Head of Structured Products, BLOOMBERG
  • Kjeld Boerendonk, Director; Managing Director, GMG HYPOPORT; HYPOPORT
  • Jessica Miller, Director, PRICEWATERHOUSECOOPERS
  • Jeroen Batema, Director, OPEN SOURCE INVESTOR SERVICES B.V.
  • Fernando González, Head of Risk Strategy Division, EUROPEAN CENTRAL BANK
4:23 PM
Luncheon for all Delegates

4:23 PM
Stream A Assessing the Relative Value of Covered Bonds as a Funding Tool
• Are covered bonds really “a form of securitisation”? • Do covered bonds have a hidden subsidy from governments?

  • Christopher Walsh, Partner, CLIFFORD CHANCE
  • Monica De Vries, Head of Retail Securitisation, Asset Backed Solutions, LLOYDS BANK COMMERCIAL BANKING
  • Martin Rast, Vice President - Senior Credit Officer, MOODY'S INVESTORS SERVICE LTD.
  • Ross Aucutt, Global Head of Funding, WESTPAC
  • Arjan Verbeek, Director, BNP PARIBAS
  • Raphael Thiolon, Global Structured Credit & Solution, NATIXIS
4:23 PM
Stream B Liquidity Challenges in Secondary ABS Markets: Traders' Roundtable
• Has market transparency improved post-crisis? • What are the key issues driving liquidity in today's markets? • MIFID: implications for pre and post-trade reporting • Legacy deals, and new issues • Electronic Trading Platforms

  • Mark Hale, Chief Investment Officer, PRYTANIA INVESTMENT ADVISORS LLP (Moderator)
  • Stuart Calnan, Head of European ABS Trading, BARCLAYS
  • Rohit Hemdev, Managing Director, CITIGROUP
  • Craig Tipping, Managing Director, JEFFERIES INTERNATIONAL LTD
  • Rehan Latif, Managing Director, MORGAN STANLEY
  • Khilan Shah, European ABS Sales, NOMURA INTERNATIONAL PLC
  • John Thornton, Executive Director, UBS
4:23 PM
Stream C Dodd-Frank Overview: Implications for non-US Issuers going to the US
• The importance of the US bid • Reps & warranties and due diligence • Reg AB and European regulation • Cashflow modelling • CRA issues, Rule 17g5

  • Hank Michael, Counsel, ALLEN & OVERY LLP (Moderator)
  • Claire Mezzanotte, Group Managing Director, DBRS
  • James Mountain, Partner, DELOITTE & TOUCHE LLP
  • David Lukach, Partner, PWC
  • Richard Dorfman, Managing Director, Head of Securitisation Group, SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION (SIFMA)
  • Ken Kohler, Senior Of Counsel, MORRISON & FOERSTER LLP
4:23 PM
Stream D Role of the Trustee in the Default and Enforcement Process
How should a trustee respond where a deal begins to go wrong? How to manage unexpected structural changes Managing litigation What is the role of the specialist “financial adviser”?

  • Esther Cavett, Partner, CLIFFORD CHANCE LLP (Moderator)
  • Matthew Shankland, Partner, WEIL, GOTSHAL & MANGES
  • Olufemi Oye, Director, DEUTSCHE BANK
  • Zach Rosenbaum, Member of the Firm, LOWENSTEIN SANDLER LLP
4:23 PM
Stream A European Auto ABS
• Can auto ABS help the industry go up a gear? • Will there be enough issuance to sustain investor interest? • How critical is auto ABS to Europe’s leading auto companies? • Upcoming roll-out of the Bank of England DWF regime

  • Lynn Maxwell, Managing Director, HSBC BANK PLC (Moderator)
  • Matthew Jones, Senior Director, STANDARD & POOR'S RATINGS SERVICES
  • Jan-Peter Huelbert, Executive Director, WESTLB AG
  • Meindert de Vreeze, Director Structured Finance & Securitisation, LEASEPLAN
  • Ralf Hesdahl, Partner, MAYER BROWN LLP
  • Xavier Tzinmann, Director - Financial Institutions Engineering Asset Backed Products, SOCIETE GENERALE
  • Nathalie Esnault, Managing Director, Securitisation, CREDIT AGRICOLE CIB
4:23 PM
Stream B The Role of Infrastructure Finance and Government Debt Relief
• Is there a level playing field across Europe? • Is there a level playing field across competing funding techniques? • What should we as an industry realistically expect from governments, post-crisis?

  • Laurent Haik, Head of Operating Assets Europe, CRÉDIT AGRICOLE CIB (Moderator)
  • Iain Barbour, Managing Director, MBIA UK INSURANCE LTD
  • Mark Richards, Partner, BERWIN LEIGHTON PAISNER LLP
  • Eva Romer, Deputy Head of Unit, Directorate-General for Economic and Financial Affairs Unit, EUROPEAN COMMISSION
4:23 PM
Stream C Key Accounting Issues & Developments
• IFRS and how sensitivity analysis will be needed for level 3 assets • Changes to impairment rules and impact on valuations • Are US and European accounting practices for securitisations converging or diverging?

  • James Hewer, Partner Structured Finance, PWC (Moderator)
  • Simon Stephens, Partner, DELOITTE
  • Sondra Tarshis, Director, Financial Reporting, MAZARS LLP
  • Huub Mourits, Global Director SFS, TMF GROUP
  • Vinoy Nursiah, Finance Director, SFM EUROPE
4:23 PM
Stream D Co-ordinating Europe and the US: Implications for non-European issuers coming to Europe
• Article 122a due diligence and retention • Differences between US and European retention regimes • ECB and Bank of England disclosure requirements • CRA issues: the challenges of the endorsement regime • Calibration with the US CRA regime

  • Elana Hahn, Partner, MORRISON & FOERSTER (Moderator)
  • Tim Davies , Director, Conduit Origination, RBS GLOBAL BANKING & MARKETS
  • Stuart Jennings, Managing Director, FITCH RATINGS
  • Ian Sideris, Partner, SIMMONS & SIMMONS
  • Edward Tang, Director, CITI
  • Jane Moon, Senior Legal Counsel, RBS
  • Frank Meijer, Head of ABS, Covered Bonds, Mortgages and Infrastructure, AEGON ASSET MANAGEMENT
4:23 PM
Keynote Address

  • Thomas Huertas, Alternate Chair; Member of the Executive Committee, EUROPEAN BANKING AUTHORITY; FINANCIAL SERVICES AUTHORITY
4:23 PM
Refreshment Break in Exhibit Hall

4:23 PM
Stream A Credit Card ABS
• What role can credit card ABS play in helping the industry’s recovery? • How has portfolio performance fared in difficult economic times? • What benefits does securitisation bring to the credit card industry?

  • Steve Gandy, Head of DCM Solutions, SANTANDER GLOBAL BANKING & MARKETS (Moderator)
  • Grant England, Senior Director, FITCH RATINGS
  • Peter Cui, Senior Vice President, Trader, JEFFERIES INTERNATIONAL LTD
  • Jeremy Bradley, Securitised Products Group, LLOYDS BANK
4:23 PM
Stream B ABS Research Analyst Roundtable
• In terms of the different underlying asset classes, what are the areas to watch in view of the changing macro outlooks? What are their • key performance drivers? • How has technical driven the rally in ABS secondaries? Where is the next stage of development? • What are the value considerations, in terms of ABS versus other asset types (eg. sovereign debt, covered bond, senior unsecured); US • versus European and Australian collaterals, among the various subasset classes within ABS; and along the capital structures (eg, senior, mezz, junior)? • The changing role of research in a more credit intense product

  • Giovanni Pini, ABS Strategist, BNP PARIBAS (Moderator)
  • Markus Herrmann, Managing Director, LANDESBANK BADEN-WÜRTTEMBERG
  • Gordon Kerr, Structured Finance Research, DBRS RATINGS LTD.
  • Conor O-Toole, Director, Head of European Asset Backed Research, DEUTSCHE BANK
  • David Covey, Managing Director, Head of European ABS Strategy, NOMURA INTERNATIONAL PLC
  • Krishna Prasad, Managing Director, Head of ABS & Mortgage Strategy, RBS
  • Altynay Davletova, Senior Director, Research , MERRILL LYNCH
4:23 PM
Stream C Rollout of MiFID to Fixed Income Markets: What are the Implications?
• What are the proposals? • Do investors want pre and post-trade disclosure? • Will MiFID help or hinder liquidity?

  • Christopher Schumann, Head of ABS Trading and strat. Product Mgt., DZ BANK AG (Moderator)
  • Hubert GRIGNON DUMOULIN, Member of the Executive Comittee, LUXEMBOURG STOCK EXCHANGE
  • Maria Teresa Fabregas Fernandez, Acting Head of Unit Securities Markets, EUROPEAN COMMISSION
4:23 PM
Stream D Broadening the ABS Investor Base: Attracting Non-Bank Investors
• Perspectives of non-bank investors • Are current market conditions attractive to them? • Is there anything more the industry should be doing? • What can policy makers do to encourage non-bank investors?

  • Oern Greif, Head of Debt Business Development UK, BNP PARIBAS IS SECURITIES SERVICES (Moderator)
  • Gaëlle Philippe-Viriot, Head of ABS Group, AXA INVESTMENT MANAGERS
  • Steve White, Head of Capital Markets, AGFE
  • Richard Curtis, Managing Director, WESTLB
  • Greg Branch, Partner / Chief Investment Officer, SCIO CAPITAL
  • Gabriel Tissot, Portfolio Manager, BNP PARIBAS
  • Henry Cooke, Investment Manager, THREADNEEDLE
4:23 PM
Day One of Global ABS 2011 Concludes and Cocktail Reception Commences in the Exhibit Hall

Saturday, February 13th, 2016
4:23 PM
Registration and Breakfast

4:23 PM
The Volume, Scope and Impact of New Regulation: Finding Well-Calibrated and Practical Solutions for the Benefit of the Consumer and the Industry
• How do Europe’s politicians view securitisation? How can the industry best communicate actual strong credit performance in Europe? Have lessons been learnt? • The impact of prudential changes on securitisation – the new resolution regime, bail-in and Basel III • Regulatory Trends and Calendar: Priorities for the next 12 months

  • Jason Kravitt, Partner, MAYER BROWN (Moderator)
  • Peter Jeffrey, Global Lead, PWC
  • Deborah Shire, Deputy Head Structured Finance, AXA INVESTMENT MANAGERS
  • Ganesh Rajendra, Head of Credit & Mortgage Strategy, EMEA, RBS
  • Reto Bachmann, Head of European ABS Research, BARCLAYS CAPITAL
4:23 PM
Investor Roundtable: Restoring the ABS Markets into the Mainstream
• Credit ratings: how should investors reduce over-reliance? Does civil legal liability make sense? Is the issuer-pays model discredited? Where does “endorsement” stand? • New due diligence requirements – complying with Article 122a • Why I do/ don't buy ABS at the moment?(regulatory, transparency, economics, performance, etc.) • Is there a risk of too much regulation creating disincentives for investment? • Is a AAA rating essential or will a sub-AAA market develop?

  • Simon Collingridge, Managing Director, STANDARD & POOR'S (Moderator)
  • Sanjeev Handa, , OLD ORCHARD LANE, LLC
  • Menno van den Elsaker, Manager - European Structured Credit, APG ASSET MANAGEMENT
  • Alistair Jeffery, Executive Chairman, BLUESTONE GROUP
  • Jeroen Bakker, Portfolio Manager, IMC ASSET MANAGEMENT
4:23 PM
Keynote Address

  • Vicky Ford, MEP, Conservative Party Spokesman on Economic and Monetary Affairs, EUROPEAN PARLIAMENT
4:23 PM
Refreshment Break in Exhibit Hall

4:23 PM
Stream A Update on the Dutch ABS Markets
- Market update and outlook - Performance trends - Search for investors - Developments in RMBS, auto and whole loan market - Lessons learned when an originator goes bankrupt

  • Bjorn Alink, Managing Director, RABOBANK (Moderator)
  • Philippe Steffens, Partner, BAKER & MCKENZIE
  • Harmen van den Hondel, Head of Northern Europe FI Secured Debt, RBS
  • Boudewijn Dierick, Head of Flow ABS & Covered Bond Structuring, BNP PARIBAS
  • Kees Westermann, Counsel, LINKLATERS
  • Emmanuel Issanchou, Managing Director, London Head of GSCS Europe, NATIXIS
  • CHRISTIAN KEPEL, Associate Director Structuring, NIBC
4:23 PM
Stream B Impact of Leveraged Loan Performance on the CLO Markets
• Market update and outlook • Article 122a implications for CLOs • The changing economics of leveraged loan CLOs • Benefits to the real economy

  • James Galowski, Co-Head of Structured Credit, APOLLO CAPITAL MANAGEMENT (Moderator)
  • Shawn Cooper, Director, DEUTSCHE BANK
  • Jon Wishnia, Partner, LOWENSTEIN SANDLER LLP
  • Henry Charpentier, Managing Director, Structured Finance - EMEA, MOODY'S INVESTORS SERVICE
  • Jeff Boswell, Portfolio Manager - Credit Fund Management, INTERMEDIATE CAPITAL GROUP
4:23 PM
Stream C New Mortgage Analysis Tools for Investors

  • Jacob Grotta, Managing Director, MOODY'S ANALYTICS (Moderator)
  • Perry DeFelice, Director, Capital Markets, 1010DATA
  • James Watkins, Managing Director, BLACKROCK
  • David Pagliaro, Senior Director EMEA - FIS, STANDARD & POOR'S
4:23 PM
Stream D Update on Structured Finance Rating Methodology Changes

  • Andrew Mulley, Managing Director | Head of Issuer Services - EMEA, CITIBANK, N.A. (Moderator)
  • Alastair Bigley, Senior Vice President, DBRS
  • Irene Ho-Moore, Managing Director, STANDARD & POOR'S RATINGS SERVICES
  • Saul Greenberg, Managing Partner, SCIO CAPITAL
  • Ning Loh, Vice President - Senior Credit Officer, MOODY'S INVESTORS SERVICE
  • Marjan Van Der Weijden, Managing Director, FITCH RATINGS
4:23 PM
Stream A Aussie RMBS Roundtable
• How will the new rules on covered bonds affect the Aussie RMBS market? • What are the implications of Basel III liquidity rules for the Aussie market? • Latest performance trends

  • Chris Dalton, Chief Executive Officer, AUSTRALIAN SECURITISATION FORUM (Moderator)
  • Karolina Popic, Partner, ALLEN & OVERY LLP
  • Robert Verlander, Head of Debt Markets Securitisation, COMMONWEALTH BANK
  • David Goodman, Global Head of GCM Strategy, WESTPAC BANKING CORP
  • Mary Ploughman, Executive Director Securitisation, RESIMAC
  • Max Pedler, Head of Term Funding and Liquidity, BENDIGO AND ADELAIDE BANK LIMITED
4:23 PM
Stream B European Commercial Real Estate
• Will CMBS re-emerge as an asset class? • What should new transactions include / exclude? • Class X Notes and voting rights

  • Damian Thompson, Head of Asset Backed Finance, Europe, RBS (Moderator)
  • Tauhid Ijaz, Partner, HOGAN LOVELLS
  • Dean Atkins, Co-Head, 400 CAPITAL MANAGEMENT EUROPE
  • Caroline Philips, Head of Structured Debt Products Europe, EUROHYPO
  • Paul Lewis, Senior Director, CBRE FINANCIAL SERVICES
  • Euan Gatfield, Managing Director, FITCH RATINGS
4:23 PM
Stream C Assessing Liquidity and Outlook for the Global Covered Bonds Market
• Re-securitisations • Trading book changes

  • Tommaso Uslenghi, Credit Solutions Group - Head of Securitisation, BANCA IMI
  • Steffen Dahmer, Executive Director, Syndicate and Product Manager Covered Bonds, J.P. MORGAN SECURITIES PLC FRANKFURT BRANCH
  • Giles Parker, Director, UBS INVESTMENT BANK
  • Leef Dierks, Vice President, Head of Covered Bond and SSA Strategy, MORGAN STANLEY
  • David Kim, FIN Solutions - Secured Financing, BARCLAYS CAPITAL
4:23 PM
Stream D Overview of the European SME Market
-What is the performance driver for SME lending, and outlook in view of the overall GDP performance trend? -What is the current state of SME funding? How can securitisation play a meaningful role in SME financing? -Does SME CLO provide a realistic solution to issuers (costs, investor demand etc)? -How has existing SME CLO performed? What are the concerns facing potential SME CLO investors?

  • Laurent Mitaty, Global Head of Securitisation & Distribution Solutions, SOCIETE GENERALE (Moderator)
  • Reinald de Monchy, Managing Director – Wholesale Solutions, BRITISH BUSINESS BANK
  • Marta Zurita, Senior Vice President, Business Development, DBRS
  • Ope Agbaje, Executive Director, NEUBERGER BERMAN EUROPE LIMITED
  • Markus Schaber, Chief Executive Officer, EUROPEAN DATAWAREHOUSE GMBH
4:23 PM
Luncheon for all Delegates

4:23 PM
Stream A ABCP Panel: Current Challenges
• Market update and outlook • How have recent regulatory developments such as Article 122a affected ABCP conduits? • US accounting/reg cap rules • Choice of law in multi-country deals, Rome Convention • Dodd-Frank and Reg AB • Bank liquidity standards • Lack of EABCP market investors • Accounting and tax developments

  • Jonathan Walsh, Partner, BAKER & MCKENZIE (Moderator)
  • David Hynes, Managing Partner, NORTHCROSS CAPITAL LLP
  • Thierry Havrileck, Head Conduit Management Group Securitisation Europe, SOCIETE GENERALE CORPORATE & INVESTMENT BANKING
  • Carol Hitselberger, Partner, MAYER BROWN LLP
  • Edward Weber, Managing Director - ABF, NORD/LB
  • Dominic Swan, Head of Team, HSBC BANK PLC
4:23 PM
Stream B Assessing the Future of the CDO Market
• Capital charges for banks and insurers • Regulatory requirements • Valuations considerations

  • Robina Barker Bennett, Managing Director and Global Head of Funds, LLOYDS BANKING GROUP
  • Robert Sainato, Managing Director, Structured Credit & Mortgage Group, ADVISORS ASSET MANAGEMENT
  • Jeremy Carter, Managing Director, FITCH RATINGS
  • Jonathan Butler, European Head of Leveraged Finance, PRAMERICA INVESTMENT MANAGEMENT
4:23 PM
Stream C SPV Management in the Post Crisis Environment
- Are Europe's traditional SPV locations changing? - Are SPVs any better understood by regulators and investors post-crisis? - Current tax and accounting issues - The challenges of PECOs after Eurosail

  • James McEvoy, MD Structured Finance Services, CITCO STRUCTURED FINANCE SERVICES (Moderator)
  • Andrew Norwood, Consultant, WEIL, GOTSHAL & MANGES
  • Glenn Butt, Partner, ARTHUR COX
  • Kieran Desmond, Global Head of Structured Finance Services, TMF GROUP
4:23 PM
Stream D Emerging Markets Overview
• Russia • India • Turkey • Middle East • APAC - China/ Korea • South America

  • Stefan Bund, Managing Director, WEST LB (Moderator)
  • Sebastian Walf, Director, CITI
  • Jacob Binnema, Capital Markets, RABOBANK INTERNATIONAL
  • Fazel Ahmed, Securitzed Products Emerging Europe, UNICREDIT BANK AG
  • Tim Nicolle, Partner, PWC
  • Dobrin Staikov, Senior Banker, EBRD
  • Andrey Suchkov, Managing Director, CJSC VTB CAPITAL
4:23 PM
Stream A Southern Europe
• What factors are currently driving securitisation in Italy and Spain? • How significant is the “sovereign risk” factor? • How have market fundamentals held up through the crisis? • Is there a perception gap for Italian and Spanish deals? • What steps have been taken to implement Article 122a in Spain and Italy?

  • Francisco DISSERA, Executive Director, UBS (Moderator)
  • Alessandro Gatto, Managing Director, J P MORGAN
  • Romina Rosto, Co-Head Securitization & Distribution Solutions, SOCIETE GENERALE
  • Umberto Mauro, Partner, NORTON ROSE FULBRIGHT
  • Jean-Baptiste Thiery, Deputy Head, European Structured Credit & Solutions, NATIXIS
  • Borja Saez, Director, INTERMONEY TITULIZACIóN
4:23 PM
Stream B CMBS – Challenges and Conflicts in Restructuring Transactions
• What level of transaction restructuring and/or extension should noteholders expect? • Is the ‘wall of refinancing’ due between 2012-2015 surmountable? • How can noteholders act effectively together? • Does the special servicing role work effectively for noteholders? How much discretion should the special servicer exercise? • Are special servicers granting too many loan extensions? When is enforcement a realistic option? • What are the economics of maturity extension vs. margin step-up? • What is the feasibility of extending beyond legal maturity? • What role do the plethora of advisers to borrowers, servicers and noteholders have to play? • What differences come up in restructurings between UK, German and other European jurisdictions?

  • Edward Baker, Director, ABS Portfolio Management , LLOYDS BANKING GROUP (Moderator)
  • Michael Cox, Executive Director, UBS
  • Thomas Jackivicz, Managing Director, MORGAN STANLEY
  • Christian Aufsatz, Head of European ABS Research, BARCLAYS BANK
  • David Conway, Portfolio Manager, ALLCAP ASSET MANAGEMENT LTD
  • Thorsten Palinkas, Director, BLACKROCK
  • James Tarry, Portfolio Manager, PALATIUM CAPITAL PARTNERS
4:23 PM
Stream C Challenges Facing Trustees
Exercise of discretion Practical difficulties for trustees Difficulties in bondholder communication and possible solutions Extreme portfolio performance

  • Julian Tucker, Senior Legal Counsel, CITIGROUP (Moderator)
  • Simon Hill, Partner, ALLEN & OVERY LLP
  • Jo Murray, Managing Director, BNY MELLON
  • Breige Tinnelly, Senior Vice President, US BANK
  • Ben Hepden, Director, DEUTSCHE BANK
  • Helen Tricard, Head of Restructuring and Transaction Management , BNP PARIBAS SECURITIES SERVICES
4:23 PM
Stream D Which Are The New or Re-Emerging Asset Classes?
• Insurance risk • Whole business • Broker-dealer/repo financing • Renewable energy

  • Tamara Box, Partner, BERWIN LEIGHTON PAISNER LLP (Moderator)
  • Mark Gibson, Head of Non-Life Insurance Solutions, BNP PARIBAS
  • John Spedding, Managing Director, BNY MELLON - QSR MANAGEMENT LTD
  • Thierry Berthold, Head of Insurance Solutions, NATIXIS
4:23 PM
Keynote Address

  • Francesco Papadia, Director General Market Operations, EUROPEAN CENTRAL BANK
4:23 PM
Refreshment Break in Exhibit Hall

4:23 PM
Stream A The CLO/ CDO Secondary Market: Liquidity and Transparency

  • Shaun Baddeley, Executive Director, SANTANDER GLOBAL BANKING AND MARKETS (Moderator)
  • Sharif Anbar-Colas, Head of European CLO/CDO Trading, JEFFERIES INTERNATIONAL LTD
  • Christopher Allen, Senior Managing Director, CVC CREDIT PARTNERS
4:23 PM
Stream B Corporate Finance and Securitisation
• Options for business financing • Conduits, banks, securitisation, asset finance • Supplier finance: the other end of the telescope • Inventory and other trade finance

  • Mark O'Keefe, Global Head of Asset Based Finance, RABOBANK (Moderator)
  • Walter Garbuio, Director, BANCA IMI
  • Jan Willem Hofstede, Structured Finance Services, CITCO STRUCTURED FINANCE SERVICES BV
  • Jeremiah Wagner, Partner, MAYER BROWN INTERNATIONAL LLP
4:23 PM
Stream C The Impact of Sovereign Ratings Downgrades
• Ireland • Spain • [Portugal] • [Greece]

  • Ian Linnell, Group Managing Director, FITCH RATINGS (Moderator)
  • Olivier Defaux, Managing Director, BLACKROCK
  • Paula Gomes Freire, Lawyer, VIEIRA DE ALMEIDA & ASSOCIADOS
  • Pedro Paulo Lourenco de Castro, CFO Banco Santander Consumer Portugal S.A., SANTANDER CONSUMER PORTUGAL
  • Julio Soto, Director, BANCO CAMINOS SA
  • Herve-Pierre Flammier, Managing Director, STANDARD & POORS RATING SERVICES
4:23 PM
Stream D UK Market Update
• Have the markets fully recovered? • How has the investor base changed? • Is the UK market still the bellweather of the market?

  • Bob Paterson, Head of Syndicate, LLOYDS BANKING GROUP (Moderator)
  • Mark Hedges, Head of Structured Finance, NATIONWIDE BUILDING SOCIETY
  • Tom Ranger, Director of Funding, SANTANDER
  • William Howard Davies, Senior Vice President, PIMCO
4:23 PM
Global ABS 2011 Concludes

Event Contacts
Senior Vice President, Conference Producer
Jade Friedensohn
(212) 901-0560
Associate Investor/Issuer Relations
Caitlin Fitzpatrick
(212) 224-3530
Head of Sales - Structured Finance
Chris Keeping
(212) 901-0533
Vice President – Business Development
Chris Arnold
(212) 901-0544
VP, Sponsorship Management
Ashley Hofmann
(212) 901-0562
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A 2 night non-refundable deposit is required to ensure reservation. If deposit is not received, the room reservation will be cancelled automatically. Located .4 KM from Square Brussels Meeting Centre.

Phone: (32) 2 505 5500

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