The conference
Join more than 3,000 industry peers for this must attend gathering of the global structured products market. Following our successful event in Brussels in 2012, members of AFME/ESF are pleased to announce that they will return to Belgium in 2013. Our chosen venue features ample meeting space, nearby client entertainment and has the convenience of being a major transportation hub. The beauty of the city belies its serious nature as a regulatory centre of Europe, and will once again serve as the perfect backdrop for the structured finance community from across Europe to meet. Join us to engage with the regulatory community, network with clients and participate in key policy discussions on ways to rebuild the European securitisation market.

In order to ensure the topics are timely and relevant, AFME/IMN have recruited leading investors in the European ABS market to join the GLOBAL ABS Advisory Board. These committee members have been tasked with vetting the agenda topics and speaker nominations. In addition, the conference will explore and discuss other current issues concerning the state of the securitisation market and the financial sector as a whole.

Global ABS 2013 is the essential, annual global gathering of all your industry peers. Join thousands of your industry peers this June to explore and define the road ahead for the international structured finance markets.

Why Participate?

As an Exhibitor and/or Sponsor, you will reach industry leaders who can and do make decisions to purchase your products or services. Global ABS 2013 sponsors will have the opportunity to interact with more than 3,000 attendees.

Accordant Benefits of Being a Sponsor:
  • Complimentary staff passes (including unlimited staff passes for Lead level sponsors).
  • Guest passes for all qualified investors and issuers – unlimited guest passes at the Lead level.
  • Exhibit booth space in a centrally located exhibit hall. Breakfasts, breaks and other functions will be held in the exhibit hall to draw attendees repeatedly throughout the conference.
  • Complete list of conference registrants both prior to and after the conference.
  • Firm logo, hyperlink and description on IMN website.
  • Firm name included as appropriate in pre-event communications and conference materials.
  • Sponsorship packages offered at new prices in order to maximize value.
  • Meeting room space when available at the Advocate level or higher.
Who should attend
  • Regulators 
  • Fixed Income Investors 
  • Issuers Funding via Debt Capital Markets 
  • Investment Banks 
  • Investors 
  • Accountants 
  • Underwriters/Structurers 
  • Analytics Firms 
  • Rating Agency Analysts 
  • Banks 
  • Trustees and Servicers 
  • Law Firms 
  • Technology Platform Providers 
  • Service Providers 
  • Consultants 
  • Others
Tuesday, June 18th, 2013
8:00 AM
Global ABS 2013 Registration Opens

8:00 AM
Exhibit Hall Opens

8:00 AM Track A
Track A: Securitisation 101

  • Kieran Desmond, Global Head of Structured Finance Services, TMF GROUP
8:00 AM Track B
Track B: Investing in the US vs. Europe
Key differentiating factors to consider:
  • Sectors
  • Liquidity
  • Transparency
  • Performance

  • David Lukach, Partner, PWC (Moderator)
  • Rob Ford, Portfolio Manager, TWENTYFOUR ASSET MANAGEMENT
  • Francisco Paez, Director, METLIFE
  • Henry Cooke, Investment Manager, THREADNEEDLE
  • Greg Branch, Partner/Chief Investment Officer, SCIO CAPITAL LLP
8:00 AM Track C
Track C: Pricing Valuation and Execution Challenges
  • 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

  • Ned Myers, Vice President Capital Markets Strategy, BLACK KNIGHT FINANCIAL SERVICES (Moderator)
  • Frank Serravalli, Lead Partner, PWC
  • Kevin Samborn, Vice President, SAPIENT GLOBAL MARKETS
  • Nicholas Fusco, Director, MARKIT
8:00 AM Track D
Track D: Understanding the New Basel Capital Approaches: The 'Black Box' of Regulatory Capital Determination and Its Limits
  • 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)

  • Alexander Batchvarov, Managing Director, BANK OF AMERICA MERRILL LYNCH (Moderator)
  • Georges Duponcheele, Head of Banking Solutions - Private Side, BNP PARIBAS
  • William Perraudin, Director, RISK CONTROL LIMITED
  • Alastair Pickett, Director, Risk & Capital Solutions, RBS
8:00 AM Track A
Track A: ABS Regulations 101: What Investors Need to Know
  • 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

  • Phoebe Moreo, Partner, DELOITTE & TOUCHE LLP (Moderator)
  • Andrew Burgess, Partner, PRYTANIA INVESTMENT ADVISORS LLP
  • Mark Lewis, Managing Director, Head of PCS Operations, PRIME COLLATERALISED SECURITIES
  • Ian Sideris, Partner, SIMMONS & SIMMONS
4:20 PM Track B
Track B: Overview of the Various ABS Sectors Favorable for Investing
  • Where does ABS fit within a broader portfolio?
  • Distinguishing among the various asset classes

  • John Calabrese, Managing Director, GUGGENHEIM SECURITIES, LLC (Moderator)
  • Sanjay Sridhar, Structured Finance Trading, SHOOTERS HILL CAPITAL
  • Saul Greenberg, Managing Partner, SCIO CAPITAL
8:00 AM Track C
Track C: Adapting to change - The Agent's View of Meeting the Challenges Facing our Industry
  • 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

  • Ben Hepden, Director, DEUTSCHE BANK
  • Alex Pashley, Vice President Corporate Trust, WELLS FARGO
  • Mark Jones, Director - Agency & Trust, CITIBANK, N.A.
  • Daniel Wynne, Director , WILMINGTON TRUST
  • Stephen Norton, Director of Marketing, THE LAW DEBENTURE TRUST CORPORATION PLC
  • Simon Porter, Partner, BAKER & MCKENZIE
8:00 AM Track D
Track D: Understanding the CLO Market and Key Legal and Analytical Considerations for New Investors

 


  • Luis Amador, Managing Director, MOODY'S ANALYTICS (Moderator)
  • Patrick Schneider, Portfolio Manager, PIMCO
  • Nick Shiren, Partner, CADWALADER, WICKERSHAM & TAFT LLP
8:00 AM
Refreshment Break in Exhibit Hall

8:00 AM Track A
Track A: Covered Bonds: 101

  • Boudewijn Dierick, Head of Flow ABS and Covered Bond Structuring, BNP
  • William Sutton, Senior Associate, CLIFFORD CHANCE
8:00 AM Track B
Track B: Actively Managing the Structured Finance Portfolio
  • 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

  • Laila Kollmorgen, Head of European Structured Products, RAYMOND JAMES (Moderator)
  • Christian Holder, Director, BLACKROCK INVESTMENT MANAGEMENT
  • Frank Meijer, Head of ABS, Covered Bonds, Mortgages and Infrastructure, AEGON ASSET MANAGEMENT
  • Patrick Janssen, Director - Portfolio Manager, M&G INVESTMENTS
  • Calvin Davies, Head of ABS PP Unit, NN INVESTMENT PARTNERS
  • Vincent Mayot, Head of ABS Risk & Portfolio Management, BNP PARIBAS
8:00 AM Track C
Track 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? 
  • Forecasting accounting changes in 2014

  • Simon Stephens, Partner, DELOITTE (Moderator)
  • Mark Randall, Director, PRICEWATERHOUSECOOPERS
  • Ronan Reilly, Managing Director, TMF GROUP
  • Vinoy Nursiah, Finance Director, SFM EUROPE
8:00 AM
Welcoming & Opening Remarks

  • Richard Ensor, Chairman, EUROMONEY INSTITUTIONAL INVESTOR PLC
  • Richard Hopkin, Managing Director and Head of Fixed Income, AFME
  • Fabrice Susini, Global Head of Securitisation, BNP PARIBAS
8:00 AM
Assessing The Effectiveness of Global Regulations
  • 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?

  • Jason Kravitt, Partner, MAYER BROWN (Moderator)
  • Alexander Batchvarov, Managing Director, BANK OF AMERICA MERRILL LYNCH
  • Frank Meijer, Head of ABS, Covered Bonds, Mortgages and Infrastructure, AEGON ASSET MANAGEMENT
  • Peter Jeffrey, Global Lead, PWC
  • Jim Ahern, Managing Director - Global Structured Finance, MOODY'S INVESTORS SERVICE
  • Angela Clist, Partner, ALLEN & OVERY LLP
  • Kevin Duignan, Global Head of Structured Finance, FITCH RATINGS
  • Christine Lang, Securization Expert, FINMA
8:00 AM
Day One of Global ABS 2013 Concludes and Welcoming Cocktail Reception Commences

Wednesday, June 19th, 2013
8:00 AM
Registration and Breakfast

8:00 AM
Assessing the Outlook for ABS Amid the Push for Growth in Europe
  • 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

  • Kevin Ingram, Partner, CLIFFORD CHANCE (Moderator)
  • Christopher Greener, EMEA Fixed Income, BLACKROCK
  • James Hewer, Partner Structured Finance, PWC
  • Ganesh Rajendra, Head of Credit & Mortgage Strategy, EMEA, RBS
  • Robert Plehn, Head of Capital Markets, GE FINANCE
  • Gordon Kerr, Structured Finance Research, DBRS RATINGS LTD.
  • Robert Liao, Managing Director, CITI
8:00 AM
Keynote Address

  • Sharon Bowles, MEP; Chair, EUROPEAN PARLIAMENT'S ECONOMIC AND MONETARY AFFAIRS COMMITTEE
8:00 AM
Keynote Address
  • 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?

  • Jason Kravitt, Partner, MAYER BROWN (Discussion Leader)
  • James Lockhart III, Director, OFHEO 2006-2009, FHFA 2008–2009
8:00 AM
Refreshment Break in Exhibit Hall

8:00 AM Track A
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

  • Peter Damesick, Global Research & Consulting, CBRE LTD (Moderator)
  • Michael Bolton, CEO & President, CLAYTON EURO RISK
  • Altynay Davletova, Director, BANK OF AMERICA MERRILL LYNCH
  • David Catt, COO, HOMETRACK (MEMBER OF EAA)
  • Neal Shah, Managing Director, Structured Finance, MOODY'S INVESTORS SERVICE
8:00 AM Track B
Track B: Can Securitisation help SMEs access the capital markets?
  • 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

  • Laurent Mitaty, Global Head of Securitisation & Distribution Solutions, SOCIETE GENERALE (Moderator)
  • Reinald de Monchy, Managing Director – Wholesale Solutions, BRITISH BUSINESS BANK
  • Alessandro Tappi, Head of Guarantees & Securitisation, EUROPEAN INVESTMENT FUND
  • Ivan Peeters, Partner, STIBBE
  • Raphael Thiolon, Global Structured Credit & Solution, NATIXIS
  • Jorgen de Vries, Manager Capital Relief & Efficiency, RABOBANK
  • Matthias Neugebauer, Head, Structured Credit & Corporate Loan Securitisation, FITCH RATINGS
8:00 AM Track C
Track C: Basel RWA Proposals for ABS: Solving for the last crisis, not the next one?
  • 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?

  • Kevin Hawken, Partner, MAYER BROWN INTERNATIONAL LLP (Moderator)
  • Henry Cooke, Investment Manager, THREADNEEDLE
  • Chris Dalton, Chief Executive Officer, AUSTRALIAN SECURITISATION FORUM
  • David Covey, Managing Director, Head of European ABS Strategy, NOMURA INTERNATIONAL PLC
  • antoine chausson, Banking Solutions- Private Side & Regulatory, BNP PARIBAS
  • Krishna Prasad, Managing Director, Head of ABS & Mortgage Strategy, RBS
  • Harry Noutsos, Global Head of ABS, ING BANK TREASURY
8:00 AM Track D
Track D: “Bad Banks”: Update on Bank Deleveraging
  • 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

  • Jo Keighley, Executive Chairman, SFM EUROPE AND MEMBER OF AFME SECURITISATION BOARD (Moderator)
  • Majharul Haque, Managing Partner, ZOLFO COOPER CAPITAL MANAGEMENT
  • Jose Antonio Trujillo, Chief Executive Officer, INTERMONEY
  • Markus Neuhaus, Director, DELOITTE
  • James Watkins, Managing Director, BLACKROCK
8:00 AM Track A
Track A: Outlook for the European RMBS Market
  • 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

  • Peter Voisey, Partner, CLIFFORD CHANCE LLP (Moderator)
  • Ed Panek, Head of ABS Investment, HENDERSON GLOBAL INVESTORS LIMITED
  • Jonathan Trup, Executive Director, MORGAN STANLEY
  • Manish Peshawaria, Managing Director, WELLS FARGO SECURITIES INTERNATIONAL LIMITED
  • Gregg Kohansky, Managing Director, FITCH RATINGS
  • Dalibor Jarnevic, Senior ABS/CLO Trader/Mgmt, DZ BANK
  • Paul Riley, Director of Treasury, LEEDS BUILDING SOCIETY
8:00 AM Track B
Track B: Chasing Down Yield in the Auto Sector
  • 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

  • Ralf Hesdahl, Partner, MAYER BROWN LLP (Moderator)
  • Markus Reule, Managing Director, Asset Backed Finance, RBS
  • Andrew Scourse, Executive Director, SANTANDER
  • Bruno Franco, Senior Vice President, European ABS, DBRS
  • Lynn Maxwell, Global Head, Securitisation, Structured Capital Markets, HSBC BANK PLC
  • Brent Pfeiffer, Co-Head of European Securitization, FORD CREDIT EUROPE
  • Nathalie Esnault, Managing Director, Securitisation, CREDIT AGRICOLE CIB
8:00 AM Track C
Track C: Solvency II
  • 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?

  • Tauhid Ijaz, Partner, HOGAN LOVELLS (Moderator)
  • Thomas Gormley, Director, ASSURED GUARANTY (EUROPE) LTD.
  • Thomas Rivron, Director, Global Structured Credit & Solutions Europe, NATIXIS
  • Sidika Ulker, Director, AFME
8:00 AM Track D
Track D: How PCS Matters in the Long Run
  • 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

  • Steve Gandy, Head of DCM Solutions, SANTANDER GLOBAL BANKING & MARKETS (Moderator)
  • Rob Ford, Portfolio Manager, TWENTYFOUR ASSET MANAGEMENT
  • Jessica Miller, Director, PWC
  • Christian Aufsatz, Senior Vice President, DBRS
  • Matthew Duncan, Partner, K&L GATES LLP
  • Ian Bell, Head of the PCS Secretariat, PCS SECRETARIAT
8:00 AM
Luncheon for all Delegates

8:00 AM Track A
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?

  • Simon Jones, Director, DEUTSCHE BANK (Moderator)
  • Max Bronzwaer, Executive Director & Treasurer, OBVION
  • Hon-Cheung Man, Senior Portfolio Manager, DELTA LLOYD
  • Jared Zakrzewski, Head of Structured Funding, SANTANDER
  • Christopher Walsh, Partner, CLIFFORD CHANCE
  • Boudewijn Dierick, Head of Flow ABS and Covered Bond Structuring, BNP
  • Juan Pablo Soriano, Managing Director Structured Finance, MOODY’S INVESTORS SERVICE
8:00 AM Track B
Track B: Credit Card Crunch: Why the Dearth of Deals?
  • 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

  • Michael McCormick, Director, HSBC (Moderator)
  • Arun Sharma, Head of European ABS Structuring, BARCLAYS
  • Alexander Garrod, Senior Vice President, DBRS RATINGS LIMITED
  • Simon Hunt, Director, Secured Funding, BARCLAYS TREASURY
  • Maggie Zhao, Partner, CLIFFORD CHANCE
  • Jean-Baptiste Thiery, Deputy Head, European Structured Credit & Solutions, NATIXIS
8:00 AM Track C
Track C: CRD IV and Basel III
  • 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?

  • Nick Stainthorpe, Partner, REED SMITH (Moderator)
  • Chris McGarry, Associate, WEIL, GOTSHAL & MANGES
  • Robin Michaels, Head of Analytics, AGFE
  • Alessia Garbella, Director, DELOITTE
  • Marjan Van Der Weijden, Managing Director, FITCH RATINGS
  • Jonathan Walsh, Partner, BAKER & MCKENZIE
8:00 AM Track D
Track D: European CRE Finance Overview
  • Macroeconomic overview and the impact on primary, secondary and tertiary commercial properties 
  • Refinance risk

  • Paul Severs, Head of Structured Debt and Capital Markets, BERWIN LEIGHTON PAISNER LLP (Moderator)
  • Christian Aufsatz, Senior Vice President, DBRS
  • Erik Parker, CMBS Strategist, NOMURA INTERNATIONAL PLC
  • Jonathan Clayton, Managing Partner, VENN PARTNERS
  • Srikanth Sankaran, Head of European ABS Strategy Research, MORGAN STANLEY
  • James Wright, Head of Restructuring, AGFE LIMITED
8:00 AM Track A
Track A: Relative Value in the ABS Markets: Research Analyst Roundtable

  • Gerald Link, Senior Vice President Head of Securitizations & Asset Backed Securities, LANDESBANK BADEN-WÜRTTEMBERG (LBBW) (Moderator)
  • Gareth Davies, Managing Director , J.P. MORGAN
  • Srikanth Sankaran, Head of European ABS Strategy Research, MORGAN STANLEY
  • Conor O'Toole, Director, Head of European Asset Backed Research, DEUTSCHE BANK
  • Phil Adams, ABS & Mortgage Strategy, RBS
  • Ratul Roy, Managing Director, Global CDO & European ABS Strategy, CITIGROUP
  • Sriram Soundararajan, Managing Director, JEFFERIES INTERNATIONAL LTD
8:00 AM Track B
Track B: Financing Renewable Energy: Exploring an Uncharted Sector
  • 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

  • Daniel Watkins, Partner, KINSON CAPITAL (Moderator)
  • Emma Hallgren, Senior Associate, Infrastructure, AGFE
  • Angus Duncan, Partner, CADWALADER, WICKERSHAM & TAFT LLP
  • John Gibson, Principal, PWC
  • Justin Passfield, Co-Founder, ORB RENEWABLE ENERGY BONDS
8:00 AM Track C
Track C: Swaps and derivatives Regulation Update

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

  • George Gooderham, Counsel, LINKLATERS (Moderator)
  • Claude Brown, Partner, REED SMITH
  • Andy Batty, Director, PWC
8:00 AM Track D
Track D: CMBS Servicing: Are We Nearing the Edge of the Cliff?
  • 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’?

  • Emma Matebalavu, Partner, CLIFFORD CHANCE (Moderator)
  • Mark Nichol, Senior Director-Structured Finance Research, BANK OF AMERICA MERRILL LYNCH
  • Matthew O'Sullivan, Head of Commercial Securitisation, M&G INVESTMENTS
  • Robert Leach, Senior Director, STANDARD & POOR'S RATINGS SERVICES
  • Paul Lloyd, Managing Partner, MOUNT STREET
8:00 AM
Refreshment Break in Exhibit Hall

8:00 AM Track A
Track A: Traders’ Roundtable: Secondary Market Liquidity

  • William Howard Davies, Senior Vice President, PIMCO (Moderator)
  • Daniel Leiter, Executive Director, MORGAN STANLEY
  • François Morin, Head of ABS Trading, NATIXIS
  • Warwick Scoggins, RMBS & Consumer ABS Trading, RBS
  • Stuart Calnan, Head of European ABS Trading, BARCLAYS
  • Craig Tipping, Managing Director, JEFFERIES INTERNATIONAL LTD
  • Simon Jones, Head of EMEA ABS Trading & Finance, CITI
8:00 AM Track B
Track B: Trade Receivables Securitisation: Structural Trends and Developments
  • 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?

  • Jeremiah Wagner, Partner, CADWALADER, WICKERSHAM & TAFT LLP (Moderator)
  • Stephen Ceurvorst, Managing Partner, LORD CAPITAL LLC
  • Jean-Baptiste Thiery, Deputy Head, European Structured Credit & Solutions, NATIXIS
  • Salim Nathoo, Partner, ALLEN & OVERY LLP
  • Jerome Farges, Head of Corporate Securitisation, SOCIETE GENERALE
  • Mark O'Keefe, Global Head of Asset Based Finance, RABOBANK
8:00 AM Track C
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?

  • Stephen Clarke, Senior Director - Financial Engineering, MOODY'S ANALYTICS (Moderator)
  • Fernando González, Head of Risk Strategy Division, EUROPEAN CENTRAL BANK
  • Markus Schaber, Chief Executive Officer, EUROPEAN DATAWAREHOUSE GMBH
  • Martin Sampson, Head of European ABS/MBS Product Development, BLOOMBERG LP
  • Jacco Samuels, Managing Director, HYPOPORT
  • Dan Keeble, Partner, DELOITTE
  • Arjen Wink, Director, EUROPEAN AVM ALLIANCE (EAA)
8:00 AM Track D
Track D: Restructurings and Amendments - The Role of the Trustee
  • Solvent versus insolvent
  • Back to basics
  • Value added by the trustee
  • Lessons learnt

  • Claudio Medeossi, Consultant, CLIFFORD CHANCE (Moderator)
  • Helen Tricard, Head of Restructuring and Transaction Management , BNP PARIBAS SECURITIES SERVICES
  • Olufemi Oye, Director, DEUTSCHE BANK
  • Jillian Hamblin, Vice President, CITIBANK, N.A.
  • Ed Leedham, General Counsel, US BANK GLOBAL CORPORATE TRUST SERVICES
  • Elkan Adler, Senior Managing Counsel & Managing Director, BNY MELLON
  • Kit Johnson, Partner, HOGAN LOVELLS INTERNATIONAL LLP
8:00 AM
Plenary: Securitisation Question Time
Recap of the major take home points from Day 1,2

  • Fabrice Susini, Global Head of Securitisation, BNP PARIBAS (Moderator)
  • Jason Kravitt, Partner, MAYER BROWN
  • Harry Noutsos, Global Head of ABS, ING BANK TREASURY
  • Rob Ford, Portfolio Manager, TWENTYFOUR ASSET MANAGEMENT
  • Kevin Ingram, Partner, CLIFFORD CHANCE
  • Ganesh Rajendra, Head of Credit & Mortgage Strategy, EMEA, RBS
  • Jim Ahern, Managing Director - Global Structured Finance, MOODY'S INVESTORS SERVICE
8:00 AM
Day Two of Global ABS 2013 Concludes and Cocktail Reception Commences

Thursday, June 20th, 2013
8:00 AM
Registration and Breakfast

8:00 AM
The Search for Yield: The ABS Investor Roundtable
  • 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

  • Emmanuel Issanchou, Managing Director, London Head of GSCS Europe, NATIXIS (Moderator)
  • Ramesh Kumar Ramiah, Principal Portfolio Manager, WORLD BANK
  • Maarten Jan Hoefnagel, Senior Portfolio Manager ABS & Structured Credits, AEGON ASSET MANAGEMENT
  • Felix Blomenkamp, Head of European ABS, PIMCO
  • Andrew Jackson, Managing Director, HSBC GLOBAL ASSET MANAGEMENT
  • Christopher Greener, EMEA Fixed Income, BLACKROCK
8:00 AM
Refreshment Break in Exhibit Hall

8:00 AM
Keynote Address

  • Emil Paulis, Director, EUROPEAN COMMISSION'S DIRECTORATE-GENERAL FOR THE INTERNAL MARKET AND SERVICES (DG MARKT)
8:00 AM Track A
Track A: Assessing Fundamentals: RMBS Researcher Roundtable
  • 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

 


  • Hikmet Sevdican, Senior Vice President, RABOBANK (Moderator)
  • Markus Ernst, Director, Credit Strategist & Structured Credit Analyst, UNICREDIT CORPORATE & INVESTMENT BANKING
  • Flavio Marco Rusconi, Vice President, JP MORGAN
  • Ruben van Leeuwen, Senior ABS Analyst, RABOBANK
  • Dave Colling, Senior Manager, SAPIENT GLOBAL MARKETS
8:00 AM Track B
Track B: European CLO and Leveraged Loans: Market Outlook
  • 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

  • Mary Katherine DuBose, Managing Director, WELLS FARGO (Moderator)
  • Matthew Wardle, Portfolio Manager, M&G INVESTMENTS
  • Martin Sharkey, Senior Associate, CLIFFORD CHANCE
  • Matthew Jones, Head EMEA Structured Finance, S&P GLOBAL RATINGS
  • Steve Baker, Managing Director, APOLLO MANAGEMENT
  • Shawn Cooper, Director, DEUTSCHE BANK
  • Paul Hatfield, Chief Investment Officer and Head of Americas, ALCENTRA
8:00 AM Track C
Track C: CRA Regulatory Developments
  • 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?

  • Nicola Kemp, Associate, LINKLATERS (Moderator)
  • Felix Flinterman, Head of Unit – Credit Rating Agencies, EUROPEAN SECURITIES AND MARKETS AUTHORITY (ESMA)
  • Christopher Lake, General Counsel Regulatory Affairs, STANDARD & POOR'S RATING SERVICES
  • Kevin Duignan, Global Head of Structured Finance, FITCH RATINGS
  • Dominic Swan, Head of Team, HSBC BANK PLC
8:00 AM Track D
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

  • Jacob Grotta, Managing Director, MOODY'S ANALYTICS (Moderator)
  • Jerry Breen, Senior Director, LEWTAN
  • Russ Parentela, Global Head of Structured Products, BLOOMBERG
  • Magnus Wilson-Webb, Managing Director, BNY MELLON
  • Andrew Currie, Managing Director, FITCH RATINGS
  • Marco Angheben, Director Business Development, EUROPEAN DATAWAREHOUSE
8:00 AM Track A
Track A: Bank Issuers’ Roundtable
  • 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

  • Gareth Davies, Managing Director , J.P. MORGAN (Moderator)
  • Tom Ranger, Director of Funding, SANTANDER
  • Andrey Suchkov, Managing Director, CJSC VTB CAPITAL
  • Tim Hughes, Treasurer, SUNCORP BANK
  • Rob Collins, Head of Funding, Capital, External Relations & Nationwide (UK) Ireland, NATIONWIDE BUILDING SOCIETY
  • Graham Stanford, Head of Secured Funding, ROYAL BANK OF SCOTLAND
8:00 AM Track B
Track B: Managing a CLO Day-to-Day: A Look at Credit Selection: Manager Roundtable

  • Simon Gold, CDO Trader, CANTOR FITZGERALD LONDON (Moderator)
  • Robert Reynolds, Senior Director, 3I DEBT MANAGEMENT
  • Brian Yorke, Managing Principal, HALCYON LOAN MANAGEMENT LLC
  • Francois Gauvin, Portfolio Manager, ARES MANAGEMENT
  • Alex Leonard, Portfolio Manager, GSO CAPITAL PARTNERS/BLACKSTONE
  • Frank Longobardi, Co-Head of U.S. Credit, ALCENTRA NY LLC
8:00 AM Track C
Track C: Dodd-Frank Update
  • 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

  • Chris Killian, Managing Director / Securitization, SIFMA (Moderator)
  • Dennis Dillon, Partner, HOGAN LOVELLS
  • John Hwang, Partner, ALLEN & OVERY LLP
  • James Gibbons, Senior Manager - Capital markets, NATIONWIDE BUILDING SOCIETY
8:00 AM Track D
Track D: Whole Business Securitisation
  • Market/structural trends and other innovation
  • Impact of regulation
  • Investor appetite
  • Restructurings and the near future outlook

 


  • Tim Conduit, Partner, ALLEN & OVERY LLP (Moderator)
  • Emmanuel Blind, Head of Financial Institution Group Securitization & Engineering Europe, SOCIETE GENERALE
  • David Shearer, Partner, NORTON ROSE FULBRIGHT
  • James Martin, Research, BARCLAYS
  • Peter Dooley, Managing Director, Secured Debt Markets, RBS
8:00 AM Track A
Track A: Outlook for the Peripheral Economies (Spain, Italy, Ireland, Greece)
  • 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

  • Romina Rosto, Co-Head Securitization & Distribution Solutions, SOCIETE GENERALE (Moderator)
  • Paolo Altichieri, Deputy Cfo, BANCA POPOLARE DI VICENZA
  • Virginie Couchet, Director, STANDARD & POOR'S RATING SERVICES
  • Alessandro Gatto, Managing Director, JP MORGAN
  • Nausica Pinese, Operational Manager, SECURITISATION SERVICES S.P.A.
  • Raffaele Scote, Managing Director, Head of FI/Credit Sales, UNICREDIT CORPORATE & INVESTMENT BANKING
8:00 AM
Luncheon for all Delegates

8:00 AM Track B
Track B: Legal and Structural Considerations for CLOs
  • 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

  • Hernan Quipildor, Head of CLO and Loan Fund Financing, NATIXIS (Moderator)
  • Rupert Wall, Partner, WEIL, GOTSHAL & MANGES
  • Rondeep Barua, Associate, BANK OF AMERICA MERRILL LYNCH
  • Martin Bartlam, Partner, DLA PIPER UK LLP
8:00 AM Track C
Track C: Risk Retention Rules: An Update
  • What are the new guidelines for alternative investment fund managers?
  • Understanding the technicals of compliance with new risk retention rules

  • James Grand, Partner, FRESHFIELDS BRUCKHAUS DERINGER (Moderator)
  • Pascal Richard, Director, FI DCM Securitised Products Group, LLOYDS BANK
  • Christian Moor, Policy Expert, Securitisation & Covered Bonds and Market Risk, EUROPEAN BANKING AUTHORITY
  • Steve Baker, Managing Director, APOLLO MANAGEMENT
  • Franz Ranero, Partner, ALLEN & OVERY LLP
  • David Quirolo, Partner, CADWALADER
8:00 AM Track D
Track D: ABCP Market Overview

 


  • Fabrice Faure Dauphin, Partner, ALLEN & OVERY LLP (Moderator)
  • Andrew Shuster, Director, BARCLAYS
  • Richard Sinclair, Managing Director Securitisation, CREDIT AGRICOLE CIB
  • Martin Kaiser, Partner, BAKER & MCKENZIE
  • Erwan Rozé, Director Asset Backed Products, SOCIETE GENERALE
8:00 AM Track A
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?

  • Annabel Schaafsma, Managing Director, Structured Finance, MOODY'S INVESTORS SERVICE (Moderator)
  • Tom Hoefakker, Vice President Corporate Treasury, AEGON
  • Mirjam Bos, Executive Director Securitisation, RABOBANK
  • Monica De Vries, Head of Retail Securitisation, Asset Backed Solutions, LLOYDS BANK COMMERCIAL BANKING
  • Ben Peletier, Executive Director, J P MORGAN
  • Cedric Tchaban, Portfolio Manager, HSBC GLOBAL ASSET MANAGEMENT
8:00 AM Track B
Track B: Exploring the Role of Private Equity in the European CLO Market

  • Gregg Drennan, Managing Director, RBS (Moderator)
  • Andrew Bellis, Managing Director & Partner, 3I DEBT MANAGEMENT
  • Alan Kelly, Managing Director - Structured Credit, APOLLO MANAGEMENT
8:00 AM
Global ABS 2013 Concludes

8:00 AM Track C
Track C: Infrastructure Finance and Government Support
  • 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?

  • Tim Conduit, Partner, ALLEN & OVERY LLP (Moderator)
  • David Dubin, Managing Director, CITI
  • Nicola Dale, Vice President, BNY MELLON
  • Nick Proud, Senior Managing Director, ASSURED GUARANTY (EUROPE) LTD.
Event Contacts
Senior Vice President, Conference Producer
Jade Friedensohn
(212) 901-0560
jfriedensohn@imn.org
Associate Investor/Issuer Relations
Caitlin Fitzpatrick
(212) 224-3530
caitlin.fitzpatrick@imn.org
Head of Sales - Structured Finance
Chris Keeping
(212) 901-0533
ckeeping@imn.org
VP, Sponsorship Management
Ashley Hofmann
(212) 901-0562
ahofmann@imn.org
Meeting Planner
Megan Tierney
248-594-4212
mtierney@imn.org
Head of Marketing
Matt Gessel
(212) 224-3024
mgessel@imn.org
Venue
Square Brussels Meeting Centre

Phone: 32 (0)2 515 1300
Website: http://www.square-brussels.com

Rue Ravensteinstraat 2
B-1000, Brussels,
Belgium


Below is a list of suggested hotels for Global ABS. Please note that IMN does not have a contracted room block at any of the hotels listed below and rate and availability are subject to change.

Hotels
The Hotel (formerly the Hilton)

Boulevard de Waterloo 38
Brussels, , 1000
Belgium

Please note that IMN does not have a block of rooms at this hotel and cannot guarantee rate or availability.

Phone: +32 (0)2 504 11 11
Website: http://www.thehotel-brussels.be

Sofitel Brussels le Louise

40 Avenue de la Toison d Or
Brussels, , 1050
Belgium

Please note that IMN does not have a block of rooms at this hotel and cannot guarantee rate or availability.

Phone: (32) 2 514 2200
Website: http://www.sofitel.com/gb/hotel-1071-sofitel-brussels-le-louise/index.shtml

NH Hotel du Grand Sablon

Rue Bodenbroek 2/4
Brussles, , 1000
Belgium

Please note that IMN does not have a contracted block of rooms at this hotel and cannot guarantee rate or availability.

Phone: (32) 2 518 1100
Website: http://www.nh-hotels.com/nh/en/hotels/belgium/brussels/nh-hotel-du-grand-sablon.html

Brussels Marriott Hotel

Rue Auguste Orts 3-7/Grand Place
Brussels, , 1000
Belgium

Please note that IMN does not have a contracted room block at this hotel and cannot guarantee rate or availability.

Phone: 32-2-5169090
Website: http://www.marriott.com/hotels/travel/brudt-brussels-marriott-hotel/

NH Grand Place Arenberg

Rue d'Assaut, 15
Brussles, , 1000
Belgium

Please note that IMN does not have a contracted block of rooms at this hotel and cannot guarantee rate or availability.

Phone: (32) 25 100616
Website: http://www.nh-hotels.com/NHArenberg

Scandic off Grand Place

Rue d'Arenberg 18
Brussles, , 1000
Belgium

Please note that IMN does not have a contracted block of rooms at this hotel and cannot guarantee rate or availability.

Phone: (32) 2 548 18 11
Website: http://www.scandichotels.com/en/Hotels/Countries/Belgium/Brussels/Hotels/Scandic-Grand-Place/

Radisson Blu Royal Hotel

Rue du Fosse-aux-Loups 47
Brussles, , 1000
Belgium

Please note that IMN does not have a contracted block of rooms at this hotel and cannot guarantee rate or availability.

Phone: (32) 2 219 2828
Website: http://www.radissonblu.com/royalhotel-brussels

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