2nd Annual

Global Securitisation Regulatory Compliance

Develop techniques to comply with updated regulations in a market
demanding issuance and investment
Mirja Wenski
Managing Director
Harbourmaster Capital
John Kiff
Senior Economist
International Monetary
Fund (IMF)
Alan Sheppard
Head of Risk Management
Bank of England
Steve Gandy
Head of Securitisation
Santander
Frank Cerveny
Head of ABS Research
DZ Bank AG
Florina Mincier
Structurer
AXA Investment
Management
Rob Marshall
Director
ABS Credit Research
M&G Investments
Felix Flinterman
Senior Policy Advisor
AFM Netherlands
Michael Bolton
Director, Sales
and Marketing
Clayton Euro Risk
Nicolas Noblanc
Head of Legal Department
Eurotitrisation
Christian Kepel
Structurer
NIBC
Pascal Richard
Senior Risk Specialist,
Structured Finance
FSA
Paolo Gabriele
Senior Structurer
Finanziaria Internazionale
Dirk Popielas
Managing Director,
EMEA Head of
Insurance Solutions
JP Morgan Asset
Management
Antoine Chausson
Asset Securitisation Group/
Fixed Income
BNP Paribas
Anne Tanney
Associate Director
Berwin Leighton Paisner
Ludy Oddy
Partner
Berwin Leighton Paisner
Volker Meissmer
Head of Securitisation
LBBW
Gordon Kerr
Head of ABS Strategy
CITI
Neil Hamilton
Partner
Clifford Chance
Gordon Haskins
Managing Director,
GBM Regulatory
Developments
RBS
Richard Hopkin
Managing Director
Afme/European
Securitisation Forum
Attending this Premier marcus evans
Conference Will Enable You to:
Understand effective techniques to CRD II implementation
Discover solutions to maintain NEW Basel III regulations
Examine new demands from leading
securitisation investors
Review the effects of the Dodd-Frank on global
securitisation transactions
Evaluate complications with NEW risk
retention regulations
Uncover practical methods to maintain NEW
transparency measures
Discuss importance of Insurance investment in
ABS securitisation
Explore NEW disclosure requirements post crisis
Learn from Key Practical Case Studies:
UK FSA on CRD II implementation 4 months on
LBBW on the impact of regulation on nonbank securitisation
Santander view on developing techniques for complex
securitisation transactions
AXA Investment Management the new demands
for investors
DZ Bank AG review on proposed increase to German
risk retention
JP Morgan discussing demand for insurance ABS investment
London, UK
6th8th April 2011
conferences
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Silver Sponsor:
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Conference Day 1
6th April 2011
Half-Day Interactive Pre-Conference Workshop:
ADJUSTING CURRENT PRACTICES TO IMPROVE
ON TRANSPARENCY
This workshop will enable participants to learn more about the right tools
to ensure a greater understanding of consolidated tapes and short
options.
12:45 Registration and Morning Coffee
13:00 Workshop Leaders Opening Remarks
Topics Covered Include:
Reviewing the current complications surrounding transparency
Advanced techniques to comply with new regulatory transparency
demands
The view of the commissioner
Meeting the April deadline
Future impact on back office
Attendees will be able to enjoy afternoon tea and networking
opportunities midway through the workshop at 15:15
17:30 Workshop Leaders Closing Remarks
Conference Day 1
7th April 2011
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Drinks Reception Partner:
08:30 Registration and Coffee
09:00 Opening Address from the Chair
DISCUSSING CHANGES IN REGULATION
09:15 Panel Discussion:
The new wave of regulation: How will it shape the finance
market going forward?
Impact and scope of Article 122a of the CRD on structures
Mismatch between European and US regulation
How new regulations will shape the investor base
Comfort investors will require in order to invest
Will the new regulation prompt a shift away from securitisation to
other methods of funding, e.g. Debt funds?
Anne Tanney
Associate Director
Berwin Leighton Paisner
Gordon Haskins
Managing Director,
GBM Regulatory Developments
RBS
Richard Hopkin
Managing Director
Afme/European Securitisation Forum
Ludy Oddy
Partner
Berwin Leighton Paisner
10:00 Application of CRD 2 / Article 122a to the banking book and
trading book
How different can the trading book be to the banking book?
What is the scope of due diligence required for both?
Practical hurdles and pragmatic considerations
How will compliance with CEBS guidance be assessed in practice
by regulators?
Pascal Richard
Senior Risk Specialist, Structured Finance
FSA
10:45 Morning Coffee and Networking Break
11:15 Case Study:
Reviewing the impact of new regulation on non
bank securitisation
Future challenges for structurers and sponsors of non
bank securitisations
How are multi seller conduits affected?
How will new regulation impact SMEs?
Future trends for SME conduit business
Volker Meissmer
Head of Securitisation
LBBW
12:00 EU retention requirements: Addressing the problem areas
Calculating retention requirements for actively managed pools
Structuring arbitrage CLOs to meet the retention requirements
Using originator SPVs
Treatment of ABCP conduits
Substitution of exposures
Applying the rules to non-EEA subsidiaries of EEA credit institutions
Risk management of retained exposures: What is permitted?
Due diligence requirements
Neil Hamilton
Partner
Clifford Chance
12:45 Luncheon
14:00 Panel Discussion:
ECB vs. Central banks: Evaluating the impact of the
liquidity withdrawal
Liquidity pullout: How has this impacted securitisation?
Have our calls to the ECB on liquidity been answered?
Precautions: How have banks dealt with this challenge?
How has the reduced intensity on ECB repo affected the market?
Is it time we looked at AAA as a form of liquidity?
Felix Flinterman
Senior Policy Advisor
AFM Netherlands
DEMAND FOR INSURANCE INVESTMENT IN ABS
14:45 Case Study:
Solvency 2: Pushing towards insurance participation
What can insurers bring to the ABS market?
Understanding the treatment of ABS
How will this develop this sector?
Is alternative funding the key?
How can regulation aid in insurer participation?
Dirk Popielas
Managing Director,
EMEA Head of Insurance Solutions
JP Morgan Asset Management
15:30 Afternoon Tea and Networking Break
STRUCTURING TECHNIQUES IN A REVAMPED MARKET
16:00 Securitisation structuring: Optimised techniques for a new era
Asset developments, market views and ratings in the new
regulatory environment
In what way are regulations shaping the market for new issuance
Transaction efficiency under current (trends in) regulatory capital and
funding requirements
How have new standards improved how we structure?
Christian Kepel
Structurer
NIBC
16:45 Closing Comments from the Chair
17:00 End of Day One
Booking Line
Tel: +44 (0) 20 3002 3503
Fax: +44 (0) 20 3002 3005
NatalieNW@marcusevansuk.com
08:30 Registration and Coffee
09:00 Opening Address from the Chair
REVIEWING INVESTOR DEMANDS
09:10 Case Study:
Investor perspective: What do we demand from the
market? Focus on Balance-Sheet securitisations investments
How can regulation aid in further investor participation?
Reviewing the demand for simple structures (mono-asset class, better
match of liquidity, etc)
Alignment of interests with originating banks and with the investment
manager
Enhancement brought in by the investment manager
Florina Mincier
Structurer
AXA Investment Management
09:50 Panel Discussion:
Investors demand: Are we meeting the requirements of the
markets fuel source?
Is it time we stepped up the efforts to attract investors?
Cautiousness: Is the market stable enough?
Exposure and liquidity: Is a better investor understanding the key
ABS, CDOs, RMBS: Are different assets attracting new investors
Call up options: Unearthing complications surrounding this technique
Mirja Wenski Florina Mincier
Managing Director Structurer
Harbourmaster Capital AXA Investment Management
Rob Marshall
Director
ABS Credit Research
M&G Investments
10:30 Morning Coffee and Networking Break
RATING AGENCIES: ARE WE TOO DEPENDENT?
11:00 Case Study:
Credit rating agencies: Help or hindrance?
The Federal Reserves current position on rating agencies
Future expectations: Halting the dependency
Investor confidence without a rating agency a possibility?
Practical implications
John Kiff
Senior Economist
International Monetary Fund (IMF)
11:40 Wider collateral in the Bank of Englands operations
Transparency requirements for ABS: A stock take
Lending against raw loan portfolios
Risk management issues
Alan Sheppard
Head of Risk Management
Bank of England
DISCLOSURE REQUIREMENTS
12:20 Panel Discussion:
Disclosure requirements in a complex regulatory market
How has the result impacted of securitisation techniques?
Understanding effects of regional reporting processes
What is the ECBs current position?
Issuer vs. Investor: How has the relationship been affected?
What future amendments will improve this requirement?
13:00 Luncheon
DATA TRANSPARENCY AND MARKET EFFECTS
14:30 Data quality: Is improved data transparency the answer to
greater liquidity?
How have the central banks developed this sector?
Data availability: Overcoming this continuous issue
Reviewing the effects on due diligence
Complications when obtaining data
Regional data: Is it time we stuck to one standard?
Paolo Gabriele
Senior Structurer
Finanziaria Internazionale
RISK RETENTION REVIEW
15:10 Case Study:
Is the German risk retention a sign of things to come?
Implication of this proposal on German securitisation practices
What will be the effects on overseas transactions?
Short selling ban: Is this causing a market wide issue?
What will the impact be on investors?
Frank Cerveny
Head of ABS Research
DZ Bank AG
15:50 Afternoon Tea and Networking Break
16:20 Panel Discussion:
Risk retention: Discussing the developments in a
revamped standard
What have been the effects so far?
Are we seeing a positive reaction from market players?
Is this a feasible amendment under the current market condition?
What do the results in the market show?
Discussing the impact on investors?
Reviewing future developments to this standard
Frank Cerveny
Head of ABS Research
DZ Bank AG
Christian Kepel
Structurer
NIBC
Antoine Chausson
Asset Securitisation Group/ Fixed Income
BNP Paribas
Gordon Kerr
Head of ABS Strategy
CITI
John Kiff
Senior Economist
International Monetary Fund (IMF)
17:00 Closing Comments from the Chair
17:10 End of Conference
Conference Day 2
8th April 2011
Business Development Opportunities:
Does your company have services, solutions or technologies that the
conference delegates would benefit from knowing about? If so, you can find
out more about the exhibiting, networking and branding opportunities
available by contacting our sponsorship division.
Athul Georgeon +44 (0) 20 3002 3172,
e-mail: AthulG@marcusevansuk.com
Christian Kepel
Structurer
NIBC
Volker Meissmer
Head of Securitisation
LBBW
Steve Gandy
Head of Securitisation
Santander
Alan Sheppard
Head of Risk Management
Bank of England
Booking Line
Tel: +44 (0) 20 3002 3503
Fax: +44 (0) 20 3002 3005
NatalieNW@marcusevansuk.com
CM085
conferences
CONFERENCE: GLOBAL SECURITISATION REGULATORY COMPLIANCE
DATE(S): 6TH8TH APRIL 2011
VENUE: LONDON, UK
VENUE TO BE CONFIRMED 1 MONTH PRIOR TO CONFERENCE DATE
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2nd Annual
Global Securitisation Regulatory Compliance
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