Global ABS 2013 - June 18-20, 2013 - Brussels, Belgium
Agenda Last Updated On: Wednesday, March 12, 2014
Tuesday, 18 June 2013

13:00 Global ABS 2013 Registration Opens

13.00 Exhibit Hall Opens

13:30 Track A: Securitisation 101
LOADING AUDIO...

Presenters:

Kieran Desmond, Global Head of Structured Finance Services, TMF GROUP [ BIO ] [ PRESENTATION ]

Kieran Desmond
Global Head of Structured Finance Services
TMF GROUP
Desmond

13:30 Track B: Investing in the US vs. Europe
LOADING AUDIO...

Key differentiating factors to consider:
  • Sectors
  • Liquidity
  • Transparency
  • Performance


Moderator:

David M. Lukach, Partner, PWC

Panelists:

Rob Ford, Portfolio Manager, TWENTYFOUR ASSET MANAGEMENT [ BIO ]
Francisco Paez, Head of CMBS, International Structured Finance & ABS/CMBS Trading, METLIFE [ BIO ]
Henry Cooke, Investment Manager, THREADNEEDLE [ BIO ]
Greg Branch, Partner / Chief Investment Officer, SCIO CAPITAL [ BIO ]

David Lukach
Partner
PWC
Lukach
Rob Ford
Portfolio Manager
TWENTYFOUR ASSET MANAGEMENT
Ford
Francisco Paez
Head of CMBS, International Structured Finance & ABS/CMBS Trading
METLIFE
Paez
Henry Cooke
Investment Manager
THREADNEEDLE
Cooke
Greg Branch
Partner / Chief Investment Officer
SCIO CAPITAL
Branch

13:30 Track C: Pricing Valuation and Execution Challenges
LOADING AUDIO...

  • Pricing jet lag? How can the timeliness of price fluctuation reporting be improved?
  • Traders, limited access to consistent information flow and the impact on execution
  • Addressing the lack of consistency in data and reassessing the reliability of underlying models


Moderator:

Ned Myers, Senior Vice President, LEWTAN [ BIO ]

Panelists:

Frank Serravalli, Lead Partner, PWC [ BIO ]
Kevin Samborn, Vice President, SAPIENT GLOBAL MARKETS [ BIO ]
Nicholas A. Fusco, Director, MARKIT [ BIO ]

Ned Myers
Senior Vice President
LEWTAN
Myers
Frank Serravalli
Lead Partner
PWC
Serravalli
Kevin Samborn
Vice President
SAPIENT GLOBAL MARKETS
Samborn

13:30 Track D: Understanding the New Basel Capital Approaches: The 'Black Box' of Regulatory Capital Determination and Its Limits
LOADING AUDIO...

  • Originators and Investors: why it is important for you
  • What drives the various approaches?
  • Shortcomings of the MSFA, SSFA and RRBA
  • The need for a simpler alternative: the Arbitrage-Free Approach (AFA)


Moderator:

Alexander Batchvarov, Managing Director, BANK OF AMERICA MERRILL LYNCH [ BIO ]

Panelists:

Georges Duponcheele, Head of Banking Solutions - Private Side, BNP PARIBAS [ BIO ] [ PRESENTATION ]
William Perraudin, Director, RISK CONTROL LIMITED [ BIO ]
Alastair Pickett, Director, Risk & Capital Solutions, RBS [ BIO ]

Alexander Batchvarov
Managing Director
BANK OF AMERICA MERRILL LYNCH
Batchvarov
Georges Duponcheele
Head of Banking Solutions - Private Side
BNP PARIBAS
Duponcheele
William Perraudin
Director
RISK CONTROL LIMITED
Perraudin
Alastair Pickett
Director, Risk & Capital Solutions
RBS
Pickett

14:20 Track A: ABS Regulations 101: What Investors Need to Know
LOADING AUDIO...

  • Overview of recent and pending regulatory initiatives and their impact on asset allocation strategy in the ABS sector
  • Comparing the impact of market driven initiatives(e.g. PCS)  vs. government regulation


Moderator:

Phoebe J. Moreo, Partner, DELOITTE & TOUCHE LLP [ BIO ]

Panelists:

Andrew Burgess, Partner, PRYTANIA INVESTMENT ADVISORS [ BIO ]
Mark Lewis, Managing Director, Head of PCS Operations, PRIME COLLATERALISED SECURITIES [ BIO ]
Ian Sideris, Partner, SIMMONS & SIMMONS [ BIO ]

Phoebe Moreo
Partner
DELOITTE & TOUCHE LLP
Moreo
Andrew Burgess
Partner
PRYTANIA INVESTMENT ADVISORS
Burgess
Mark Lewis
Managing Director, Head of PCS Operations
PRIME COLLATERALISED SECURITIES
Lewis
Ian Sideris
Partner
SIMMONS & SIMMONS
Sideris

14:20 Track B: Overview of the Various ABS Sectors Favorable for Investing
LOADING AUDIO...

  • Where does ABS fit within a broader portfolio?
  • Distinguishing among the various asset classes


Moderator:

John Calabrese, Managing Director, GUGGENHEIM SECURITIES, LLC [ BIO ]

Panelists:

Saul Greenberg, Managing Partner, SCIO CAPITAL [ BIO ]
Sanjay Sridhar, Structured Finance Trading, SHOOTERS HILL CAPITAL

John Calabrese
Managing Director
GUGGENHEIM SECURITIES, LLC
Calabrese
Saul Greenberg
Managing Partner
SCIO CAPITAL
Greenberg

14:20 Track C: Adapting to change - The Agent's View of Meeting the Challenges Facing our Industry
LOADING AUDIO...

  • The Agent's role in supporting the evolving structured finance markets and their participants
  • The proliferation of Restructuring - how are these managed by corporate trust providers
  • Regulatory change, legislation and a domestic focus from an Agency perspective
  • The growth of infrastructure finance and the diverging role of the agent


Moderator:

Gary John Webb, [ BIO ]

Panelists:

Ben Hepden, Director, DEUTSCHE BANK [ BIO ]
Alex Pashley, Vice President Corporate Trust, WELLS FARGO [ BIO ]
Mark Jones, Director - Agency & Trust, CITIBANK, N.A. [ BIO ]
Daniel Wynne, Director - Bond Trustee & Agency Services, WILMINGTON TRUST [ BIO ]
Stephen Norton, Director of Marketing, THE LAW DEBENTURE TRUST CORPORATION PLC [ BIO ]
Simon Porter, Partner, BAKER & MCKENZIE [ BIO ]

Gary Webb
Webb
Alex Pashley
Vice President Corporate Trust
WELLS FARGO
Pashley
Mark Jones
Director - Agency & Trust
CITIBANK, N.A.
Jones
Daniel Wynne
Director - Bond Trustee & Agency Services
WILMINGTON TRUST
Wynne
Stephen Norton
Director of Marketing
THE LAW DEBENTURE TRUST CORPORATION PLC
Norton
Simon Porter
Partner
BAKER & MCKENZIE
Porter

14:20 Track D: Understanding the CLO Market and Key Legal and Analytical Considerations for New Investors

 



Moderator:

Luis Amador, Managing Director, MOODY'S ANALYTICS [ BIO ]

Panelists:

Patrick Schneider, Portfolio Manager, PIMCO
Nick Shiren, Partner, CADWALADER, WICKERSHAM & TAFT LLP [ BIO ]

Luis Amador
Managing Director
MOODY'S ANALYTICS
Amador
Patrick Schneider
Portfolio Manager
PIMCO
Schneider
Nick Shiren
Partner
CADWALADER, WICKERSHAM & TAFT LLP
Shiren

15:10 Refreshment Break in Exhibit Hall

15:40 Track A: Covered Bonds: 101
LOADING AUDIO...

Presenters:

Boudewijn Dierick, Head of Flow ABS & Covered Bond Structuring, BNP PARIBAS [ BIO ] [ PRESENTATION ]
William Sutton, Senior Associate, CLIFFORD CHANCE [ BIO ]

Boudewijn Dierick
Head of Flow ABS & Covered Bond Structuring
BNP PARIBAS
Dierick
William Sutton
Senior Associate
CLIFFORD CHANCE
Sutton

15:40 Track B: Actively Managing the Structured Finance Portfolio
LOADING AUDIO...

  • Aside from regulations, what additional factors impact investors’ asset allocation strategy and how?
  • How are investors generating sufficient yields in a challenging interest rate environment?
  • Compare and contrast investor strategies: the bank investor versus the asset manager


Moderator:

Laila Kollmorgen, Head of European Structured Products, RAYMOND JAMES [ BIO ] [ PRESENTATION ]

Panelists:

Christian Holder, Director, BLACKROCK INVESTMENT MANAGEMENT [ BIO ]
Frank E. Meijer, Head of ABS, Covered Bonds, Mortgages, AEGON ASSET MANAGEMENT [ BIO ]
Patrick Janssen, Director - Portfolio Manager, M&G INVESTMENTS [ BIO ]
Calvin Davies, Head of Asset Backed Securities, ING INVESTMENT MANAGEMENT [ BIO ]
Vincent Mayot, Head of ABS Risk & Portfolio Management, BNP PARIBAS [ BIO ]

Christian Holder
Director
BLACKROCK INVESTMENT MANAGEMENT
Holder
Frank Meijer
Head of ABS, Covered Bonds, Mortgages
AEGON ASSET MANAGEMENT
Meijer
Patrick Janssen
Director - Portfolio Manager
M&G INVESTMENTS
Janssen
Calvin Davies
Head of Asset Backed Securities
ING INVESTMENT MANAGEMENT
Davies

15:40 Track C: Key Accounting Issues & Developments
LOADING AUDIO...

  • 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? 
  • Forecasting accounting changes in 2014


Moderator:

Simon Stephens, Partner, DELOITTE [ BIO ]

Panelists:

Mark Randall, Director, PRICEWATERHOUSECOOPERS [ BIO ]
Ronan Reilly, Managing Director, TMF GROUP IRELAND [ BIO ]
Vinoy Nursiah, Finance Director, SFM EUROPE [ BIO ]

Simon Stephens
Partner
DELOITTE
Stephens
Mark Randall
Director
PRICEWATERHOUSECOOPERS
Randall
Ronan Reilly
Managing Director
TMF GROUP IRELAND
Reilly
Vinoy Nursiah
Finance Director
SFM EUROPE
Nursiah

16:30 Welcoming & Opening Remarks
LOADING AUDIO...

Speakers:

Richard Ensor, Chairman, EUROMONEY INSTITUTIONAL INVESTOR PLC [ BIO ]
Richard Hopkin, Managing Director, ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE [ BIO ]
Fabrice Susini, Global Head of Securitisation , BNP PARIBAS, Chairman, Securitisation Division , ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE [ BIO ]

Richard Hopkin
Managing Director
ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE
Hopkin
Fabrice Susini
Global Head of Securitisation </em>, <font color=154B70><b>BNP PARIBAS</b></font>, <i> Chairman, Securitisation Division </i>
ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE
Susini

16:45 Assessing The Effectiveness of Global Regulations
LOADING AUDIO...

  • How effective have recently implemented regulations been at achieving their intended goals? Shortfalls?
  • Timeline for new regulations and potential impact on the ABS markets
  • Have these regulations resulted in a more transparent market? Investors speak out
  • Impact of central bank monetary policy on origination trends and pricing
  • Is the global regulatory landscape harmonized? Are there unintentional consequences and/or conflicts looming?


Moderator:

Jason H. P. Kravitt, Partner, MAYER BROWN LLP [ BIO ]

Panelists:

Alexander Batchvarov, Managing Director, BANK OF AMERICA MERRILL LYNCH [ BIO ]
Frank E. Meijer, Head of ABS, Covered Bonds, Mortgages, AEGON ASSET MANAGEMENT [ BIO ]
Peter Jeffrey, Global Lead, PWC [ BIO ]
Jim Ahern, Global Head Securitisation, SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING [ BIO ]
Angela Clist, Partner, ALLEN & OVERY LLP [ BIO ]
Kevin Duignan, Global Head of Structured Finance, FITCH RATINGS [ BIO ]
Christine Lang, Securization Expert, FINMA

Jason Kravitt
Partner
MAYER BROWN LLP
Kravitt
Alexander Batchvarov
Managing Director
BANK OF AMERICA MERRILL LYNCH
Batchvarov
Frank Meijer
Head of ABS, Covered Bonds, Mortgages
AEGON ASSET MANAGEMENT
Meijer
Peter Jeffrey
Global Lead
PWC
Jeffrey
Jim Ahern
Global Head Securitisation
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING
Ahern
Angela Clist
Partner
ALLEN & OVERY LLP
Clist
Kevin Duignan
Global Head of Structured Finance
FITCH RATINGS
Duignan

17:45 Day One of Global ABS 2013 Concludes and Welcoming Cocktail Reception Commences

Wednesday, 19 June 2013

07.30 Registration and Breakfast

08.30 Assessing the Outlook for ABS Amid the Push for Growth in Europe
LOADING AUDIO...

  • Outlook for European economic growth in 2013
  • Euro zone instability: Have we found more solid ground since Global ABS 2012, or is trouble still on the horizon?
  • What are Euro ABS issuance projections for 2013?
  • What is the outlook for bank lending activity in 2013?
  • Has the ABS investor base grown or shrunk in the last year? why?
  • How can securitization help strike the right balance between austerity and growth


Moderator:

Kevin Ingram, Partner, CLIFFORD CHANCE [ BIO ]

Panelists:

Christopher Greener, EMEA Fixed Income, BLACKROCK [ BIO ]
James Hewer, Partner Structured Finance, PWC [ BIO ]
Ganesh Rajendra, Head of Credit & Mortgage Strategy, EMEA, RBS [ BIO ]
Robert M. Plehn, Managing Director, Head of Asset Backed Solutions , LLOYDS BANK COMMERCIAL BANKING [ BIO ]
Gordon Kerr, Structured Finance Research, DBRS RATINGS LTD. [ BIO ]
Bob Liao, Managing Director, CITI [ BIO ]

Kevin Ingram
Partner
CLIFFORD CHANCE
Ingram
Christopher Greener
EMEA Fixed Income
BLACKROCK
Greener
James Hewer
Partner Structured Finance
PWC
Hewer
Ganesh Rajendra
Head of Credit & Mortgage Strategy, EMEA
RBS
Rajendra
Robert Plehn
Managing Director, Head of Asset Backed Solutions 
LLOYDS BANK COMMERCIAL BANKING
Plehn
Gordon Kerr
Structured Finance Research
DBRS RATINGS LTD.
Kerr

09.30 Keynote Address
LOADING AUDIO...

Speaker:

Sharon Bowles, MEP; Chair, EUROPEAN PARLIAMENT'S ECONOMIC AND MONETARY AFFAIRS COMMITTEE [ BIO ] [ PRESENTATION ]

Sharon Bowles
MEP; Chair
EUROPEAN PARLIAMENT'S ECONOMIC AND MONETARY AFFAIRS COMMITTEE
Bowles

10.15 Keynote Address
LOADING AUDIO...

  • Comparison of the U.S. vs. European architecture of the financial regulatory agencies
  • Recommendations for U.S. Government Sponsored Entity reform and should the European housing market adopt the GSE model?
  • Examining the role of a guarantor in the housing market and other systemic risk prevention measures
  • The role of private capital markets in funding residential real estate
  • Assessing the role of 'shadow banks' vs. traditional commercial banks, and the implications for the national housing market
  • Where is RMBS headed in the European Union? Specifically the UK, Dutch and Peripheral Economies
  • Anticipated effect of Basel on RMBS and ABS issuance in general?
  • Relative value of covered bonds as a funding tool
  • Emerging RMBS markets in the near term? Long term?


Speaker:

James B. Lockhart III, Former Director; Vice Chairman, FEDERAL HOUSING FINANCE AGENCY; WL ROSS & CO [ BIO ]

Discussion Leader:

Jason H. P. Kravitt, Partner, MAYER BROWN LLP [ BIO ]

James Lockhart III
Former Director; Vice Chairman
FEDERAL HOUSING FINANCE AGENCY; WL ROSS & CO
Lockhart III
Jason Kravitt
Partner
MAYER BROWN LLP
Kravitt

11.00 Refreshment Break in Exhibit Hall

11.30 Track A: European Residential Real Estate Fundamentals

  • Home price trends across the peripheral markets (especially Southern Europe)
  • Assessing the degree of housing liquidity
  • Mortgage lending trends and availability
  • Foreclosure rates
  • New construction funding availability and housing demand


Moderator:

Peter Damesick, Global Research & Consulting, CBRE LTD [ PRESENTATION ]

Panelists:

Michael D. Bolton, CEO & President, CLAYTON EURO RISK [ BIO ]
Altynay Davletova, Director, BANK OF AMERICA MERRILL LYNCH [ BIO ]
David Catt, COO, HOMETRACK (MEMBER OF EAA) [ BIO ]
Neal Shah, Managing Director, Structured Finance, MOODY'S INVESTORS SERVICE [ BIO ]

Michael Bolton
CEO & President
CLAYTON EURO RISK
Bolton
David Catt
COO
HOMETRACK (MEMBER OF EAA)
Catt
Neal Shah
Managing Director, Structured Finance
MOODY'S INVESTORS SERVICE
Shah

11.30 Track B: Can Securitisation help SMEs access the capital markets?
LOADING AUDIO...

  • What are the drivers for growth?
  • Efforts underway to assist SMEs to tap the capital markets directly
  • Diversifying funding sources: reducing bank dependency, improving access to capital markets


Moderator:

Laurent Mitaty, Head of Securitisation & Distribution Solutions, SOCIETE GENERALE [ BIO ] [ PRESENTATION ]

Panelists:

Reinald de Monchy, Managing Director – Wholesale Solutions, BRITISH BUSINESS BANK [ BIO ]
Alessandro Tappi, Head of Guarantees & Securitisation, EUROPEAN INVESTMENT FUND [ BIO ]
Ivan Peeters, Partner, STIBBE [ BIO ]
Raphael Thiolon , CFA, Global Structured Credit & Solution, NATIXIS [ BIO ]
Jorgen de Vries, Executive Director, RABOBANK [ BIO ]
Matthias Neugebauer, Managing Director, FITCH RATINGS

Laurent Mitaty
Head of Securitisation & Distribution Solutions
SOCIETE GENERALE
Mitaty
Reinald de Monchy
Managing Director – Wholesale Solutions
BRITISH BUSINESS BANK
de Monchy
Alessandro Tappi
Head of Guarantees & Securitisation
EUROPEAN INVESTMENT FUND
Tappi
Ivan Peeters
Partner
STIBBE
Peeters
Raphael Thiolon
Global Structured Credit & Solution
NATIXIS
Thiolon
Jorgen de Vries
Executive Director
RABOBANK
de Vries
Matthias Neugebauer
Managing Director
FITCH RATINGS
Neugebauer

11:30 Track C: Basel RWA Proposals for ABS: Solving for the last crisis, not the next one?
LOADING AUDIO...

  • Do the proposals deliver on their stated objectives?
  • Is the additional complexity justified?
  • How will the proposals affect bank investors’ appetites? 
  • What will be the effect on the real economy?


Moderator:

Kevin P. Hawken, Partner, MAYER BROWN INTERNATIONAL LLP [ BIO ]

Panelists:

Henry Cooke, Investment Manager, THREADNEEDLE [ BIO ]
Chris Dalton, Chief Executive Officer, AUSTRALIAN SECURITISATION FORUM [ BIO ]
David Covey, Managing Director, Head of European ABS Strategy, NOMURA INTERNATIONAL PLC [ BIO ]
antoine chausson, Banking Solutions- Private Side & Regulatory, BNP PARIBAS [ BIO ]
Krishna Prasad, Managing Director, Head of ABS & Mortgage Strategy, RBS
Harry Noutsos, Global Head of ABS, ING BANK TREASURY [ BIO ]

Kevin Hawken
Partner
MAYER BROWN INTERNATIONAL LLP
Hawken
Henry Cooke
Investment Manager
THREADNEEDLE
Cooke
Chris Dalton
Chief Executive Officer
AUSTRALIAN SECURITISATION FORUM
Dalton
David Covey
Managing Director, Head of European ABS Strategy
NOMURA INTERNATIONAL PLC
Covey
antoine  chausson
Banking Solutions- Private Side & Regulatory
BNP PARIBAS
chausson
Harry Noutsos
Global Head of ABS
ING BANK TREASURY
Noutsos

11:30 Track D: “Bad Banks”: Update on Bank Deleveraging
LOADING AUDIO...

  • How much delivering has there been since Global ABS 2012?
  • How much is left to do?
  • Spotlight on Southern Europe
  • Impact of spread tightening on investors’ search for yield across the marketplace
  • Assessing demand for mezzanine and senior bonds
  • Selling via secured funding vehicle vs. directly to private equity or hedge fund
  • Pricing considerations


Moderator:

Jonathan Keighley, Executive Chairman, SFM EUROPE [ BIO ] [ PRESENTATION ]

Panelists:

Majharul Haque, Managing Partner, ZOLFO COOPER CAPITAL MANAGEMENT [ BIO ]
Jose Antonio Trujillo, Chief Executive Officer, INTERMONEY [ BIO ]
Markus Neuhaus, Director, DELOITTE [ BIO ]
James Watkins, Managing Director, BLACKROCK [ BIO ]

Jonathan Keighley
Executive Chairman
SFM EUROPE
Keighley
Majharul Haque
Managing Partner
ZOLFO COOPER CAPITAL MANAGEMENT
Haque
Jose Antonio Trujillo
Chief Executive Officer
INTERMONEY
Trujillo
Markus Neuhaus
Director
DELOITTE
Neuhaus

12.20 Track A: Outlook for the European RMBS Market
LOADING AUDIO...

  • Is the cure worse than the disease? Assessing the impact of central bank monetary lending policies on ABS issuance volumes in 2013
  • What is the anticipated impact of the UK’s Funding for Lending Scheme?
  • Planning  ahead  for LTRO’s expiration  in early 2015
  • Examining economic fundamentals in Southern Europe and the impact on RMBS origination from this region
  • Impact of secondary trading volumes on primary pricing


Moderator:

Peter Voisey, Partner, CLIFFORD CHANCE LLP [ BIO ]

Panelists:

Ed Panek, Portfolio Manager, HENDERSON GLOBAL INVESTORS LIMITED [ BIO ]
Jonathan Trup, Executive Director, MORGAN STANLEY
Manish Peshawaria, Managing Director, WELLS FARGO SECURITIES INTERNATIONAL LIMITED [ BIO ]
Gregg Kohansky, Managing Director, FITCH RATINGS [ BIO ] [ PRESENTATION ]
Dalibor Jarnevic, Senior ABS Trader & Product Manager, DZ BANK [ BIO ]
Paul Riley, Group Treasurer, LEEDS BUILDING SOCIETY [ BIO ]

Peter Voisey
Partner
CLIFFORD CHANCE LLP
Voisey
Ed Panek
Portfolio Manager
HENDERSON GLOBAL INVESTORS LIMITED
Panek
Manish Peshawaria
Managing Director
WELLS FARGO SECURITIES INTERNATIONAL LIMITED
Peshawaria
Gregg Kohansky
Managing Director
FITCH RATINGS
Kohansky
Dalibor Jarnevic
Senior ABS Trader & Product Manager
DZ BANK
Jarnevic
Paul Riley
Group Treasurer
LEEDS BUILDING SOCIETY
Riley

12.20 Track B: Chasing Down Yield in the Auto Sector
LOADING AUDIO...

  • Has yield gone awry? What is behind the spread tightening in recent auto transactions?
  • Are financing costs returning to pre-crisis levels?
  • Assessing appetite for mezzanine debt
  • Solvency II : is it a positive for shorter term auto?
  • Where is the ‘break even’ on this asset class for an investor?
  • Relativevalue of auto loan paper given tightening  spreads


Moderator:

Ralf Hesdahl, Partner, MAYER BROWN LLP [ BIO ]

Panelists:

Markus Reule, Co-Head of FI Solutions Origination & Structuring, RBS [ BIO ]
Andrew Scourse, Vice President, SANTANDER [ BIO ]
Bruno Franco, Senior Vice President, European ABS, DBRS [ BIO ]
Lynn Maxwell, Managing Director, HSBC BANK PLC [ BIO ]
Brent Pfeiffer, Co-Head of European Securitization, FORD CREDIT EUROPE
Nathalie Esnault, Managing Director, Securitisation, CREDIT AGRICOLE CIB [ PRESENTATION ]

Ralf Hesdahl
Partner
MAYER BROWN LLP
Hesdahl
Markus Reule
Co-Head of FI Solutions Origination & Structuring
RBS
Reule
Bruno Franco
Senior Vice President, European ABS
DBRS
Franco
Lynn Maxwell
Managing Director
HSBC BANK PLC
Maxwell
Nathalie Esnault
Managing Director, Securitisation
CREDIT AGRICOLE CIB
Esnault

12.20 Track C: Solvency II
LOADING AUDIO...

  • Where does the process stand? 
  • What are the implications for securitisation? 
  • Is investor behavior changing already? 
  • Will insurers continue to invest in securitisation at the proposed levels?
  • What are the prospects for changes in the proposals?


Moderator:

Tauhid Ijaz, Partner, HOGAN LOVELLS

Panelists:

Thomas Gormley, Director, ASSURED GUARANTY (EUROPE) LTD. [ BIO ]
Thomas Rivron, Director, Global Structured Credit & Solutions Europe, NATIXIS [ BIO ]
Sidika Ulker, Director, ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE [ BIO ] [ PRESENTATION ]

Thomas Gormley
Director
ASSURED GUARANTY (EUROPE) LTD.
Gormley
Thomas Rivron
Director, Global Structured Credit & Solutions Europe
NATIXIS
Rivron
Sidika Ulker
Director
ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE
Ulker

12.20 Track D: How PCS Matters in the Long Run
LOADING AUDIO...

  • Has PCS made a difference? If not yet, when?
  • Issuer feedback: what has been the experience thus far in applying for the label?
  • Investor feedback: how important is the label in the investment decision?
  • Anticipated benefits of using the PCS label
  • Potential impact of non-compliance


Moderator:

Steve L. Gandy, Managing Director, Head of Securitisation, SANTANDER GLOBAL BANKING & MARKETS [ BIO ] [ PRESENTATION ]

Panelists:

Rob Ford, Portfolio Manager, TWENTYFOUR ASSET MANAGEMENT [ BIO ]
Jessica Miller, Director, PRICEWATERHOUSECOOPERS [ BIO ]
Christian Aufsatz, Director, BARCLAYS CAPITAL [ BIO ]
Matthew Duncan, Partner, K&L GATES LLP [ BIO ]
Ian Bell, Head of the PCS Secretariat, PRIME COLLATERALISED SECURITIES [ BIO ]

Steve Gandy
Managing Director, Head of Securitisation
SANTANDER GLOBAL BANKING & MARKETS
Gandy
Rob Ford
Portfolio Manager
TWENTYFOUR ASSET MANAGEMENT
Ford
Jessica Miller
Director
PRICEWATERHOUSECOOPERS
Miller
Christian Aufsatz
Director
BARCLAYS CAPITAL
Aufsatz
Matthew Duncan
Partner
K&L GATES LLP
Duncan
Ian Bell
Head of the PCS Secretariat
PRIME COLLATERALISED SECURITIES
Bell

13.10 Luncheon for all Delegates

14.15 Track A: RMBS vs. Covered Bonds

  • Is there a convergence of these two products
  • Choosing your mortgage funding tool; relative value comparison
  • Will increased regulatory focus on encumbrance restrict the growth of the covered bond market?
  • How will the ratio of securitizations to covered bonds evolve in the long and short term?


Moderator:

Simon Jones, Director, DEUTSCHE BANK [ BIO ]

Panelists:

Max H. Bronzwaer, Executive Director & Treasurer, OBVION [ BIO ]
Hon-Cheung Man, Senior Portfolio Manager, DELTA LLOYD [ BIO ]
Jared Zakrzewski, Head of Structured Funding, SANTANDER
Christopher Walsh, Partner, CLIFFORD CHANCE [ BIO ]
Boudewijn Dierick, Head of Flow ABS & Covered Bond Structuring, BNP PARIBAS [ BIO ]
Juan Pablo Soriano, Managing Director Structured Finance, MOODY’S INVESTORS SERVICE

Max Bronzwaer
Executive Director & Treasurer
OBVION
Bronzwaer
Hon-Cheung Man
Senior Portfolio Manager
DELTA LLOYD
Man
Jared Zakrzewski
Head of Structured Funding
SANTANDER
Zakrzewski
Christopher Walsh
Partner
CLIFFORD CHANCE
Walsh
Boudewijn Dierick
Head of Flow ABS & Covered Bond Structuring
BNP PARIBAS
Dierick

14.15 Track B: Credit Card Crunch: Why the Dearth of Deals?
LOADING AUDIO...

  • When will continental European issuance re-emerge?
  • What factors have held back issuance?
  • Outlook for deal volume in 2013
  • Conduit financing versus term ABS structures


Moderator:

Michael McCormick, Director, HSBC [ BIO ] [ PRESENTATION ]

Panelists:

Arun Sharma, Head of European ABS Structuring, BARCLAYS
Alexander Garrod, Senior Vice President, DBRS RATINGS LIMITED [ BIO ]
Simon Hunt, Director, Secured Funding, BARCLAYS TREASURY [ BIO ]
Maggie Zhao, Senior Associate, CLIFFORD CHANCE [ BIO ]
Jean-Baptiste Thiery, Deputy Head, European Structured Credit & Solutions, NATIXIS [ BIO ]

Arun Sharma
Head of European ABS Structuring
BARCLAYS
Sharma
Alexander Garrod
Senior Vice President
DBRS RATINGS LIMITED
Garrod
Simon Hunt
Director, Secured Funding
BARCLAYS TREASURY
Hunt
Maggie Zhao
Senior Associate
CLIFFORD CHANCE
Zhao
Jean-Baptiste Thiery
Deputy Head, European Structured Credit & Solutions
NATIXIS
Thiery

14.15 Track C: CRD IV and Basel III
LOADING AUDIO...

  • RMBS as a High Quality Liquid Asset – can we relax?
  • Liquidity lines to SSPEs – is the LCR treatment fair?
  • What next for risk retention?
  • What is the future for synthetic securitisation?


Moderator:

Nick Stainthorpe, Partner, REED SMITH [ BIO ]

Panelists:

Chris McGarry, Associate, WEIL, GOTSHAL & MANGES [ BIO ]
Robin Michaels, Head of Analytics, AGFE [ BIO ]
Alessia Garbella, Director, DELOITTE [ BIO ]
Marjan Van Der Weijden, Managing Director, FITCH RATINGS [ BIO ]
Jonathan GF Walsh, Partner, BAKER & MCKENZIE [ BIO ]

Nick Stainthorpe
Partner
REED SMITH
Stainthorpe
Chris McGarry
Associate
WEIL, GOTSHAL & MANGES
McGarry
Robin Michaels
Head of Analytics
AGFE
Michaels
Alessia Garbella
Director
DELOITTE
Garbella
Marjan Van Der Weijden
Managing Director
FITCH RATINGS
Van Der Weijden
Jonathan Walsh
Partner
BAKER & MCKENZIE
Walsh

14.15 Track D: European CRE Finance Overview
LOADING AUDIO...

  • Macroeconomic overview and the impact on primary, secondary and tertiary commercial properties 
  • Refinance risk


Moderator:

Paul Severs, Head of Structured Debt and Capital Markets, BERWIN LEIGHTON PAISNER LLP [ BIO ] [ PRESENTATION ]

Panelists:

Christian Aufsatz, Director, BARCLAYS CAPITAL [ BIO ]
Erik Parker, CMBS Strategist, NOMURA INTERNATIONAL PLC [ BIO ]
Jonathan Clayton, Managing Partner, VENN PARTNERS
Srikanth Sankaran, Head of European ABS Strategy Research, MORGAN STANLEY [ BIO ]
James Wright, Head of Restructuring, AGFE LIMITED [ BIO ]

Paul Severs
Head of Structured Debt and Capital Markets
BERWIN LEIGHTON PAISNER LLP
Severs
Christian Aufsatz
Director
BARCLAYS CAPITAL
Aufsatz
Erik Parker
CMBS Strategist
NOMURA INTERNATIONAL PLC
Parker
Srikanth Sankaran
Head of European ABS Strategy Research
MORGAN STANLEY
Sankaran
James Wright
Head of Restructuring
AGFE LIMITED
Wright

15.05 Track A: Relative Value in the ABS Markets: Research Analyst Roundtable
LOADING AUDIO...

Moderator:

Gerald Link, Senior Vice President Head of Securitizations & Asset Backed Securities, LANDESBANK BADEN-WüRTTEMBERG (LBBW)

Panelists:

Gareth Davies, Head of International ABS & Covered Bonds Research, J.P. MORGAN [ BIO ]
Srikanth Sankaran, Head of European ABS Strategy Research, MORGAN STANLEY [ BIO ]
Conor O-Toole, Head of European Asset Backed Research, DEUTSCHE BANK AG [ BIO ]
Phil Adams, ABS & Mortgage Strategy, RBS [ BIO ]
Ratul Roy, Managing Director, Global CDO & European ABS Strategy, CITIGROUP [ BIO ]
Sriram Soundararajan, Managing Director, JEFFERIES INTERNATIONAL LTD [ BIO ]

Gareth Davies
Head of International ABS & Covered Bonds Research
J.P. MORGAN
Davies
Srikanth Sankaran
Head of European ABS Strategy Research
MORGAN STANLEY
Sankaran
Phil Adams
ABS & Mortgage Strategy
RBS
Adams
Ratul Roy
Managing Director, Global CDO & European ABS Strategy
CITIGROUP
Roy

15.05 Track B: Financing Renewable Energy: Exploring an Uncharted Sector
LOADING AUDIO...

  • Identifying the assets: Eligible renewable energy and infrastructure projects underway across Europe
  • The role of the EIB guarantee: mitigating construction risk and improving deal ratings and investor appetite
  • Assessing the timeline for funding maturity
  • Reducing reliance on bank lending and accessing the longer term capital markets


Moderator:

Daniel Watkins, Partner, KINSON CAPITAL [ BIO ]

Panelists:

Emma Hallgren, Senior Associate, Infrastructure, AGFE [ BIO ]
Angus Duncan, Partner, CADWALADER, WICKERSHAM & TAFT LLP [ BIO ]
John L. Gibson, Principal, PWC [ BIO ]
Justin Passfield, Chief Executive, MAYPOLE ENERGY [ BIO ]

Daniel Watkins
Partner
KINSON CAPITAL
Watkins
Emma Hallgren
Senior Associate, Infrastructure
AGFE
Hallgren
Angus Duncan
Partner
CADWALADER, WICKERSHAM & TAFT LLP
Duncan
John Gibson
Principal
PWC
Gibson
Justin Passfield
Chief Executive
MAYPOLE ENERGY
Passfield

15.05 Track C: Swaps and derivatives Regulation Update
LOADING AUDIO...


  • Margin requirements for non-centrally cleared derivatives
  • Have the special needs of securitisation SPVs been recognized?
  • Implications of EMIR for securitsation swaps


Moderator:

George Gooderham, Counsel, LINKLATERS [ BIO ] [ PRESENTATION ]

Panelists:

Claude Brown, Partner, REED SMITH [ BIO ]
Andy Batty, Director, PWC [ BIO ]

George Gooderham
Counsel
LINKLATERS
Gooderham
Claude Brown
Partner
REED SMITH
Brown
Andy Batty
Director
PWC
Batty

15.05 Track D: CMBS Servicing: Are We Nearing the Edge of the Cliff?
LOADING AUDIO...

  • As more and more CMBS refinancing loom, what are the major risks for investors? 
  • How are servicers reconciling conflicting investor interests at the various tranche levels?
  • How much longer can issuers ‘extend and pretend’?


Moderator:

Emma Matebalavu, Partner, CLIFFORD CHANCE [ BIO ]

Panelists:

Mark Nichol, Senior Director-Structured Finance Research, BANK OF AMERICA MERRILL LYNCH [ BIO ]
Matthew O'Sullivan, Director, Fixed Income, M&G INVESTMENTS [ BIO ]
Robert Leach, Senior Director, STANDARD & POOR'S RATINGS SERVICES [ BIO ]
Paul Lloyd, Managing Partner, MOUNT STREET [ BIO ]

Emma Matebalavu
Partner
CLIFFORD CHANCE
Matebalavu
Mark Nichol
Senior Director-Structured Finance Research
BANK OF AMERICA MERRILL LYNCH
Nichol
Matthew O'Sullivan
Director, Fixed Income
M&G INVESTMENTS
O'Sullivan
Robert Leach
Senior Director
STANDARD & POOR'S RATINGS SERVICES
Leach
Paul Lloyd
Managing Partner
MOUNT STREET
Lloyd

15.55 Refreshment Break in Exhibit Hall

16.20 Track A: Traders’ Roundtable: Secondary Market Liquidity
LOADING AUDIO...

Moderator:

William Howard Davies, Senior Vice President, PIMCO [ BIO ]

Panelists:

Daniel Leiter, Executive Director, MORGAN STANLEY [ BIO ]
François Morin, Head of ABS Trading, NATIXIS
Warwick Scoggins, RMBS & Consumer ABS Trading, RBS [ BIO ]
Stuart Calnan, Head of European ABS Trading, BARCLAYS [ BIO ]
Craig Tipping, Managing Director, JEFFERIES INTERNATIONAL LTD
Simon Jones, Co-Head of EMEA ABS Trading, CITI

William Howard Davies
Senior Vice President
PIMCO
Howard Davies
Daniel Leiter
Executive Director
MORGAN STANLEY
Leiter
François Morin
Head of ABS Trading
NATIXIS
Morin
Warwick Scoggins
RMBS & Consumer ABS Trading
RBS
Scoggins

16.20 Track B: Trade Receivables Securitisation: Structural Trends and Developments
LOADING AUDIO...

  • Is Solvency II driving investors to shorter term investments such trade receivables?
  • New structural trends emerging: term ABS structures backed by short dated assets - is there a future?
  • Will term funding set a trend for trade receivables?


Moderator:

Jeremiah Wagner, Partner, MAYER BROWN INTERNATIONAL LLP

Panelists:

Stephen Ceurvorst, Managing Partner, LORD CAPITAL LLC [ BIO ]
Jean-Baptiste Thiery, Deputy Head, European Structured Credit & Solutions, NATIXIS [ BIO ]
Salim Nathoo, Partner, ALLEN & OVERY LLP [ BIO ]
Jérôme Farges, Head of Corporate Securitisation, SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING
Mark O'Keefe, Head of European Securitisation, RABOBANK INTERNATIONAL [ BIO ]

Stephen Ceurvorst
Managing Partner
LORD CAPITAL LLC
Ceurvorst
Jean-Baptiste Thiery
Deputy Head, European Structured Credit & Solutions
NATIXIS
Thiery
Salim Nathoo
Partner
ALLEN & OVERY LLP
Nathoo
Jérôme Farges
Head of Corporate Securitisation
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING
Farges
Mark O'Keefe
Head of European Securitisation
RABOBANK INTERNATIONAL
O'Keefe

16.20 Track C: Market Transparency: Loan Level Data and Disclosure Developments

  • How does transparency in securitisation measure up against other sectors?
  • The ECB LLD requirements
  • The new role of the ECB Data Warehouse
  • How has the market adjusted to the new requirements?


Moderator:

Stephen Clarke, Director, MOODY'S ANALYTICS [ BIO ]

Panelists:

Fernando González, Head of Risk Strategy Division, EUROPEAN CENTRAL BANK [ BIO ]
Markus Schaber, Chief Executive Officer, EUROPEAN DATAWAREHOUSE GMBH [ BIO ]
Martin Sampson, Head of European ABS/MBS Product Development, BLOOMBERG LP [ BIO ]
Jacco Samuels, Managing Director, HYPOPORT [ BIO ]
Dan Keeble, Partner, DELOITTE [ BIO ]
Arjen Wink, Director, CALCASA [ BIO ]

Fernando González
Head of Risk Strategy Division
EUROPEAN CENTRAL BANK
González
Markus Schaber
Chief Executive Officer
EUROPEAN DATAWAREHOUSE GMBH
Schaber
Martin Sampson
Head of European ABS/MBS Product Development
BLOOMBERG LP
Sampson
Jacco Samuels
Managing Director
HYPOPORT
Samuels
Dan Keeble
Partner
DELOITTE
Keeble
Arjen Wink
Director
CALCASA
Wink

16.20 Track D: Restructurings and Amendments - The Role of the Trustee
LOADING AUDIO...

  • Solvent versus insolvent
  • Back to basics
  • Value added by the trustee
  • Lessons learnt


Moderator:

Claudio Medeossi, Consultant, CLIFFORD CHANCE

Panelists:

Helen Tricard, Head of Restructuring and Transaction Management , BNP PARIBAS SECURITIES SERVICES [ BIO ]
Olufemi Oye, Director, DEUTSCHE BANK [ BIO ]
Jillian Hamblin, Vice President, CITIBANK N.A. [ BIO ]
Ed Leedham, General Counsel, US BANK [ BIO ]
Elkan Adler, Senior Managing Counsel & Managing Director; Head of EMEA Corporate Trust Legal, BNY MELLON [ BIO ]
Kit Johnson, Partner, HOGAN LOVELLS INTERNATIONAL LLP [ BIO ]

Claudio Medeossi
Consultant
CLIFFORD CHANCE
Medeossi
Helen Tricard
Head of Restructuring and Transaction Management 
BNP PARIBAS SECURITIES SERVICES
Tricard
Olufemi Oye
Director
DEUTSCHE BANK
Oye
Jillian Hamblin
Vice President
CITIBANK N.A.
Hamblin
Ed Leedham
General Counsel
US BANK
Leedham
Kit Johnson
Partner
HOGAN LOVELLS INTERNATIONAL LLP
Johnson

17.10 Plenary: Securitisation Question Time
LOADING AUDIO...

Recap of the major take home points from Day 1,2

Moderator:

Fabrice Susini, Global Head of Securitisation , BNP PARIBAS, Chairman, Securitisation Division , ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE [ BIO ]

Panelists:

Jason H. P. Kravitt, Partner, MAYER BROWN LLP [ BIO ]
Harry Noutsos, Global Head of ABS, ING BANK TREASURY [ BIO ]
Rob Ford, Portfolio Manager, TWENTYFOUR ASSET MANAGEMENT [ BIO ]
Kevin Ingram, Partner, CLIFFORD CHANCE [ BIO ]
Ganesh Rajendra, Head of Credit & Mortgage Strategy, EMEA, RBS [ BIO ]
Jim Ahern, Global Head Securitisation, SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING [ BIO ]

Fabrice Susini
Global Head of Securitisation </em>, <font color=154B70><b>BNP PARIBAS</b></font>, <i> Chairman, Securitisation Division </i>
ASSOCIATION FOR FINANCIAL MARKETS IN EUROPE
Susini
Jason Kravitt
Partner
MAYER BROWN LLP
Kravitt
Harry Noutsos
Global Head of ABS
ING BANK TREASURY
Noutsos
Rob Ford
Portfolio Manager
TWENTYFOUR ASSET MANAGEMENT
Ford
Kevin Ingram
Partner
CLIFFORD CHANCE
Ingram
Ganesh Rajendra
Head of Credit & Mortgage Strategy, EMEA
RBS
Rajendra
Jim Ahern
Global Head Securitisation
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING
Ahern

18.00 Day Two of Global ABS 2013 Concludes and Cocktail Reception Commences

Thursday, 20 June 2013

08.45 Registration and Breakfast

09.30 The Search for Yield: The ABS Investor Roundtable
LOADING AUDIO...

  • Outlook for interest rates and ABS spreads
  • With spreads tightening to pre-crisis levels and a shrinking investor base, who will buy these bonds at this level going forward?
  • Where to find value post - rally? What sectors still offer an upside?
  • How to avoid the pitfalls of 2006/2007 vintages - assessing the structures and asset quality of newer vintages
  • Can new supply satiate investors’ appetite for yield and give them assurance?
  • Who will replace the real money investors that have been active in the higher yield environment of the past few years?
  • Impact of central bank liquidity schemes on issuance volumes and investor appetite
  • Assessing the relative value of investing in whole mortgages vs. AAA RMBS: liquidity, Solvency II and yield considerations
  • Investor response to the European Data Warehouse
  • Emerging ABS markets: assets of interest, and why


Moderator:

Emmanuel Issanchou, Managing Director, London Head of GSCS Europe, NATIXIS

Panelists:

Ramesh Kumar Ramiah, Principal Portfolio Manager, WORLD BANK [ BIO ]
Maarten Jan Hoefnagel, Senior Portfolio Manager ABS & Structured Credits, AEGON ASSET MANAGEMENT [ BIO ]
Felix Blomenkamp, Head of European ABS, PIMCO [ BIO ]
Andrew J. Jackson, Managing Director, HSBC GLOBAL ASSET MANAGEMENT [ BIO ]
Christopher Greener, EMEA Fixed Income, BLACKROCK [ BIO ]

Emmanuel Issanchou
Managing Director, London Head of GSCS Europe
NATIXIS
Issanchou
Ramesh Ramiah
Principal Portfolio Manager
WORLD BANK
Ramiah
Maarten Jan Hoefnagel
Senior Portfolio Manager ABS & Structured Credits
AEGON ASSET MANAGEMENT
Jan Hoefnagel
Felix Blomenkamp
Head of European ABS
PIMCO
Blomenkamp
Andrew Jackson
Managing Director
HSBC GLOBAL ASSET MANAGEMENT
Jackson
Christopher Greener
EMEA Fixed Income
BLACKROCK
Greener

10:30 Refreshment Break in Exhibit Hall

10.45 Keynote Address
LOADING AUDIO...

Speaker:

Emil Paulis, Director, EUROPEAN COMMISSION'S DIRECTORATE-GENERAL FOR THE INTERNAL MARKET AND SERVICES (DG MARKT) [ BIO ] [ PRESENTATION ]

Emil Paulis
Director
EUROPEAN COMMISSION'S DIRECTORATE-GENERAL FOR THE INTERNAL MARKET AND SERVICES (DG MARKT)
Paulis

11.30 Track A: Assessing Fundamentals: RMBS Researcher Roundtable
LOADING AUDIO...

  • Researcher response to the European Data Warehouse
  • Regulatory impact on mortgage affordability
  • Liquidity vs. Yield- investing in whole loans vs. RMBS
  • Political and bureaucratic intervention: risks to investors that are hard to assess and how can they be quantified?
  • Future growth

 



Moderator:

Hikmet Sevdican, Senior Vice President, RABOBANK NEDERLAND [ BIO ]

Panelists:

Markus Ernst, Director, Credit Strategist & Structured Credit Analyst, UNICREDIT CORPORATE & INVESTMENT BANKING [ BIO ]
Flavio Marco Rusconi, ABS & Covered Bond Analyst, JP MORGAN [ BIO ]
Ruben van Leeuwen, Senior ABS Analyst, RABOBANK
Dave Colling, Senior Manager, SAPIENT GLOBAL MARKETS [ BIO ]

Hikmet Sevdican
Senior Vice President
RABOBANK NEDERLAND
Sevdican
Markus Ernst
Director, Credit Strategist & Structured Credit Analyst
UNICREDIT CORPORATE & INVESTMENT BANKING
Ernst
Flavio Marco Rusconi
ABS & Covered Bond Analyst
JP MORGAN
Rusconi
Ruben van Leeuwen
Senior ABS Analyst
RABOBANK
van Leeuwen
Dave Colling
Senior Manager
SAPIENT GLOBAL MARKETS
Colling

11.30 Track B: European CLO and Leveraged Loans: Market Outlook
LOADING AUDIO...

  • What deals have come to market and what is the pipeline for 2013?
  • Investor opinion on the refi option
  • Will this sector deliver the promised source of yield investors may be searching for?
  • Extension risk on the underlying loans and impact on investor returns/appetite


Moderator:

Mary Katherine DuBose, Managing Director, WELLS FARGO [ BIO ]

Panelists:

Matthew Wardle CFA, Portfolio Manager, M&G INVESTMENT MANAGEMENT [ BIO ]
Martin Sharkey, Senior Associate, CLIFFORD CHANCE
Matthew Jones, Senior Director, STANDARD & POOR'S RATINGS SERVICES [ BIO ] [ PRESENTATION ]
Steve Baker, Structured Credit, APOLLO MANAGEMENT [ BIO ]
Shawn Cooper, Director, DEUTSCHE BANK
Paul Hatfield, Chief Investment Officer and Head of Americas, ALCENTRA [ BIO ]

Mary Katherine DuBose
Managing Director
WELLS FARGO
DuBose
Matthew Wardle
Portfolio Manager
M&G INVESTMENT MANAGEMENT
Wardle
Martin Sharkey
Senior Associate
CLIFFORD CHANCE
Sharkey
Matthew Jones
Senior Director
STANDARD & POOR'S RATINGS SERVICES
Jones
Steve Baker
Structured Credit
APOLLO MANAGEMENT
Baker
Paul Hatfield
Chief Investment Officer and Head of Americas
ALCENTRA
Hatfield

11.30 Track C: CRA Regulatory Developments
LOADING AUDIO...

  • Timeline for proposed changes and their implementation
  • Overview of CRA3: key points
  • Update on U.S. initiatives and the implications for Europe
  • How easy is it to deliver on less reliance on credit ratings?


Moderator:

Nicola Kemp, Associate, LINKLATERS [ BIO ] [ PRESENTATION ]

Panelists:

Felix Flinterman, Head of Unit – Credit Rating Agencies, EUROPEAN SECURITIES AND MARKETS AUTHORITY (ESMA) [ BIO ]
Christopher Lake, General Counsel Regulatory Affairs, STANDARD & POOR'S RATING SERVICES [ BIO ]
Kevin Duignan, Global Head of Structured Finance, FITCH RATINGS [ BIO ]
Dominic Swan, Head of Team, HSBC BANK PLC [ BIO ]

Nicola Kemp
Associate
LINKLATERS
Kemp
Felix Flinterman
Head of Unit – Credit Rating Agencies
EUROPEAN SECURITIES AND MARKETS AUTHORITY (ESMA)
Flinterman
Christopher Lake
General Counsel Regulatory Affairs
STANDARD & POOR'S RATING SERVICES
Lake
Kevin Duignan
Global Head of Structured Finance
FITCH RATINGS
Duignan
Dominic Swan
Head of Team
HSBC BANK PLC
Swan

11.30 Track D: Securitization Data and Analytics Innovations

  • Loan by loan cash flow analysis
  • Improvements in deal transparency
  • Best methods for price discovery and bond screening


Moderator:

Jacob Grotta, Managing Director, MOODY'S ANALYTICS [ BIO ]

Panelists:

Jerry Breen, Senior Director, LEWTAN [ BIO ]
Russel Parentela, Global Manager of Structured Products, BLOOMBERG LP [ BIO ]
Magnus Wilson-Webb, Managing Director, BNY MELLON [ BIO ]
Andrew Currie, Managing Director, FITCH RATINGS [ BIO ]
Marco Angheben, Director Business Development and Strategy, EUROPEAN DATAWAREHOUSE GMBH [ BIO ] [ PRESENTATION ]

Jacob Grotta
Managing Director
MOODY'S ANALYTICS
Grotta
Jerry Breen
Senior Director
LEWTAN
Breen
Russel Parentela
Global Manager of Structured Products
BLOOMBERG LP
Parentela
Magnus Wilson-Webb
Managing Director
BNY MELLON
Wilson-Webb
Andrew Currie
Managing Director
FITCH RATINGS
Currie
Marco Angheben
Director Business Development and Strategy
EUROPEAN DATAWAREHOUSE GMBH
Angheben

12.20 Track A: Bank Issuers’ Roundtable
LOADING AUDIO...

  • Choosing the funding mix: would they rather issue in covered bonds. RMBS, unsecured, central bank lending and why?
  • Does new and increased regulation affect choice of funding?
  • What are the challenges of the current market outlook


Moderator:

Gareth Davies, Head of International ABS & Covered Bonds Research, J.P. MORGAN [ BIO ]

Panelists:

Tom Ranger, Head of Structured Funding, SANTANDER [ BIO ]
Andrey Yu Suchkov, Managing Director, CJSC VTB CAPITAL [ BIO ]
Tim Hughes, Treasurer, SUNCORP BANK [ BIO ]
Rob Collins, Head of Funding, NATIONWIDE BUILDING SOCIETY [ BIO ]
Graham Stanford, Head of Secured Funding, ROYAL BANK OF SCOTLAND [ BIO ]

Gareth Davies
Head of International ABS & Covered Bonds Research
J.P. MORGAN
Davies
Tom Ranger
Head of Structured Funding
SANTANDER
Ranger
Andrey Suchkov
Managing Director
CJSC VTB CAPITAL
Suchkov
Tim Hughes
Treasurer
SUNCORP BANK
Hughes
Rob Collins
Head of Funding
NATIONWIDE BUILDING SOCIETY
Collins
Graham Stanford
Head of Secured Funding
ROYAL BANK OF SCOTLAND
Stanford

12.20 Track B: Managing a CLO Day-to-Day: A Look at Credit Selection: Manager Roundtable
LOADING AUDIO...

Moderator:

Simon Gold, CDO Trader, CANTOR FITZGERALD LONDON [ BIO ]

Panelists:

Robert Reynolds, Senior Director, 3I DEBT MANAGEMENT [ BIO ]
Brian Yorke, Managing Principal, HALCYON LOAN MANAGEMENT LLC [ BIO ]
Francois Gauvin, Portfolio Manager, ARES [ BIO ]
Alex Leonard, Portfolio Manager, BLACKSTONE/ GSO CAPITAL [ BIO ]
Frank Longobardi, Co-Head of U.S. Credit, ALCENTRA NY LLC [ BIO ]

Brian Yorke
Managing Principal
HALCYON LOAN MANAGEMENT LLC
Yorke
Francois Gauvin
Portfolio Manager
ARES
Gauvin
Alex Leonard
Portfolio Manager
BLACKSTONE/ GSO CAPITAL
Leonard
Frank Longobardi
Co-Head of U.S. Credit
ALCENTRA NY LLC
Longobardi

12.20 Track C: Dodd-Frank Update
LOADING AUDIO...

  • Dodd Frank and SEC Reg AB II effect on issuing and investing into the U.S.
  • Compare and contrast U.S. reforms with current E.U. directives
  • Will there be a convergence of risk retention and due diligence requirements?
  • Effect on the access by European issuers to the US investor base


Moderator:

Chris Killian, Managing Director / Securitization, SIFMA [ BIO ]

Panelists:

Dennis Dillon, Partner, HOGAN LOVELLS [ BIO ]
John Hwang, Partner, ALLEN & OVERY LLP [ BIO ]
James Gibbon, Senior Manager - Capital markets, NATIONWIDE BUILDING SOCIETY [ BIO ]

Chris Killian
Managing Director / Securitization
SIFMA
Killian
Dennis Dillon
Partner
HOGAN LOVELLS
Dillon
John Hwang
Partner
ALLEN & OVERY LLP
Hwang

12.20 Track D: Whole Business Securitisation
LOADING AUDIO...

  • Market/structural trends and other innovation
  • Impact of regulation
  • Investor appetite
  • Restructurings and the near future outlook

 



Moderator:

Tim Conduit, Partner, ALLEN & OVERY LLP [ BIO ]

Panelists:

Emmanuel Blind, Head of Financial Institution Group Securitisation Europe, SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING [ BIO ]
David Shearer, Partner, NORTON ROSE FULBRIGHT [ BIO ]
James Martin, Research, BARCLAYS
Peter Dooley, Managing Director, Secured Debt Markets, RBS [ BIO ]

Tim Conduit
Partner
ALLEN & OVERY LLP
Conduit
Emmanuel Blind
Head of Financial Institution Group Securitisation Europe
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING
Blind
David Shearer
Partner
NORTON ROSE FULBRIGHT
Shearer
Peter Dooley
Managing Director, Secured Debt Markets
RBS
Dooley

13.10 Luncheon for all Delegates

14.15 Track A: Outlook for the Peripheral Economies (Spain, Italy, Ireland, Greece)
LOADING AUDIO...

  • Peripheral housing market indices- are they reliable for assessing real home value?
  • Downgrade risk from the sovereign and impact on the debt issued
  • Assessing the health of issuers and servicers


Moderator:

Romina Rosto, Co-Head Securitization & Distribution Solutions, SOCIETE GENERALE

Panelists:

Paolo Altichieri, Head of Global Markets, BANCA POPOLARE DI VICENZA [ BIO ]
Virginie Couchet, Director, STANDARD & POOR'S RATING SERVICES [ PRESENTATION ]
Alessandro Gatto, Managing Director, J P MORGAN [ BIO ]
Nausica Pinese, Operational Manager, SECURITISATION SERVICES S.P.A. [ PRESENTATION ]
Raffaele Scote, Managing Director, Head of Securitised Products, UNICREDIT CORPORATE & INVESTMENT BANKING [ BIO ] [ PRESENTATION ]

Alessandro Gatto
Managing Director
J P MORGAN
Gatto
Nausica Pinese
Operational Manager
SECURITISATION SERVICES S.P.A.
Pinese
Raffaele Scote
Managing Director, Head of Securitised Products
UNICREDIT CORPORATE & INVESTMENT BANKING
Scote

14.15 Track B: Legal and Structural Considerations for CLOs
LOADING AUDIO...

  • Improvements made from pre-2007 vintages; the 2013 CLO structure
  • Fundamental vs. market evaluation
  • Static vs. stochastic approaches
  • Loan prices
  • Manager behavior
  • Key statistics and reporting


Moderator:

Hernan Quipildor, Head of CLO Origination - GSCS Europe, NATIXIS [ BIO ]

Panelists:

Rupert Wall, Partner, WEIL, GOTSHAL & MANGES [ BIO ]
Rondeep Barua, Associate, BANK OF AMERICA MERRILL LYNCH [ BIO ]
Martin Bartlam, Partner, DLA PIPER UK LLP [ BIO ]

Hernan Quipildor
Head of CLO Origination - GSCS Europe
NATIXIS
Quipildor
Rupert Wall
Partner
WEIL, GOTSHAL & MANGES
Wall
Martin Bartlam
Partner
DLA PIPER UK LLP
Bartlam

14:15 Track C: Risk Retention Rules: An Update
LOADING AUDIO...

  • What are the new guidelines for alternative investment fund managers?
  • Understanding the technicals of compliance with new risk retention rules


Moderator:

James Grand, Partner, FRESHFIELDS BRUCKHAUS DERINGER [ BIO ]

Panelists:

Pascal Richard, Director - Asset Backed Solutions, LLOYDS BANK [ BIO ]
Christian Moor, Policy Expert, Securitisation & Covered Bonds and Market Risk, EUROPEAN BANKING AUTHORITY [ BIO ]
Steve Baker, Structured Credit, APOLLO MANAGEMENT [ BIO ]
Franz Ranero, Partner, ALLEN & OVERY LLP [ BIO ]
David Quirolo, Partner, ASHURST LLP [ BIO ]

James Grand
Partner
FRESHFIELDS BRUCKHAUS DERINGER
Grand
Pascal Richard
Director  - Asset Backed Solutions
LLOYDS BANK
Richard
Christian Moor
Policy Expert, Securitisation & Covered Bonds and Market Risk
EUROPEAN BANKING AUTHORITY
Moor
Steve Baker
Structured Credit
APOLLO MANAGEMENT
Baker
Franz Ranero
Partner
ALLEN & OVERY LLP
Ranero
David Quirolo
Partner
ASHURST LLP
Quirolo

14.15 Track D: ABCP Market Overview
LOADING AUDIO...

 



Moderator:

Fabrice Faure Dauphin, Partner, ALLEN & OVERY LLP [ BIO ]

Panelists:

Andrew Shuster, Director, BARCLAYS
Richard Sinclair, Managing Director Securitisation, CREDIT AGRICOLE CIB [ BIO ]
Martin Kaiser Dr., Partner, BAKER & MCKENZIE [ BIO ]
Erwan Rozé, Director Securitization & Distribution Solutions, SOCIETE GENERALE [ BIO ]

Fabrice Faure Dauphin
Partner
ALLEN & OVERY LLP
Faure Dauphin
Richard Sinclair
Managing Director Securitisation
CREDIT AGRICOLE CIB
Sinclair
Martin Kaiser
Partner
BAKER & MCKENZIE
Kaiser

15.05 Track A: UK & Dutch RMBS

  • Why the increase in interest from the US investors?
  • Outlook for UK USD issuance vs. Dutch - why will the Netherlands outpace the UK?


Moderator:

Annabel Schaafsma, Senior Vice President/Manager, MOODY'S INVESTORS SERVICE [ BIO ]

Panelists:

Tom Hoefakker, Vice President Corporate Treasury, AEGON
Mirjam Bos, Executive Director Securisation, RABOBANK INTERNATIONAL [ BIO ]
Monica De Vries, Head of Retail Securitisation, Asset Backed Solutions, LLOYDS BANK COMMERCIAL BANKING [ BIO ]
Ben D. Peletier, Executive Director, J P MORGAN
Cedric Tchaban, Portfolio Manager, HSBC GLOBAL ASSET MANAGEMENT

Annabel Schaafsma
Senior Vice President/Manager
MOODY'S INVESTORS SERVICE
Schaafsma
Tom Hoefakker
Vice President Corporate Treasury
AEGON
Hoefakker
Mirjam Bos
Executive Director Securisation
RABOBANK INTERNATIONAL
Bos
Monica De Vries
Head of Retail Securitisation, Asset Backed Solutions
LLOYDS BANK COMMERCIAL BANKING
De Vries

15.05 Track B: Exploring the Role of Private Equity in the European CLO Market
LOADING AUDIO...

Moderator:

Gregg Drennan, Director, RBS [ BIO ]

Panelists:

Andrew Bellis, Managing Director and Partner, 3I DEBT MANAGEMENT [ BIO ]
Alan Kelly, Senior Investment Analyst, APOLLO MANAGEMENT [ BIO ]

Gregg Drennan
Director
RBS
Drennan
Andrew Bellis
Managing Director and Partner
3I DEBT MANAGEMENT
Bellis
Alan Kelly
Senior Investment Analyst
APOLLO MANAGEMENT
Kelly

15.05 Track C: Infrastructure Finance and Government Support
LOADING AUDIO...

  • Long term financing challenges
  • Does project finance lend itself to securitization?
  • 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?


Moderator:

Tim Conduit, Partner, ALLEN & OVERY LLP [ BIO ]

Panelists:

David Dubin, Managing Director, CITI [ BIO ]
Nicola Dale, Vice President, BNY MELLON
Nick Proud, Senior Managing Director, ASSURED GUARANTY (EUROPE) LTD. [ BIO ]

Tim Conduit
Partner
ALLEN & OVERY LLP
Conduit
Nick Proud
Senior Managing Director
ASSURED GUARANTY (EUROPE) LTD.
Proud

15.55 Global ABS 2013 Concludes


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