For European A Framework Securitisation - Securitization.Net

More documents

Recommendations

Info

To fill this void, the European Securitisation Forum has launched an ambitious project: the production of a document entitled A Framework for European Securitisation (“Framework”). This document will set forth visionary and aspirational goals for the evolution and enactment of key legal, regulatory, accounting, capital, tax and market practice features, standards and guidelines that will collectively define the elements needed to facilitate a more uniform and harmonised framework for securitisation throughout Europe. As such, the document provides substantive policy guidance to legislative and regulatory bodies, serves as a common mission statement to define the Forum’s basic goals, and establishes benchmarks for evaluating and measuring progress toward these goals. The ESF has planned and organised this Symposium on the Framework, which Fortis Bank has generously offered to host at its offices in Brussels. We also appreciate the support of the Duke Global Capital Markets Center in securing additional participation from the European academic community. The principal purposes of this event are: ■ To unveil and launch the completed Framework document and articulate the ESF’s goals and purposes behind this project; ■ To solicit reactions and responses to the Framework document and to generate broad-based discussion and debate on its general and Simultaneous translation into Deutsch, Français and Italiano 14:45–16:15 A CLOSER LOOK AT SOME KEY PRINCIPLES AND GOALS OF THE FRAMEWORK This panel of experts will examine in detail some of the most fundamental and vital goals set-out in the Framework in respect of creating a more competitive, efficient securitisation market in Europe. Specifically, areas covered will include, among others, goals relating to (i) origination of assets; (ii) sale, transfer and isolation of assets; (iii) insolvency/bankruptcy laws; (iv) ownership and servicing of assets, and (v) regulatory treatment of securitisation. MODERATOR Mr. Rupert Harrison, Head of Structured Solutions Global Corporate Finance Arthur Andersen (London) PANELISTS Mr. Alexander Batchvarov, Head of International Structured Credit Research Merrill Lynch (London) Mr. Dan Curry, Group Managing Director Structured Finance Moody’s Investor Services (London) Mr. Richard Parolai,Partner Clifford Chance Pünder (Paris) Ms. Carmen Barrenechea,Director Titulizacion de Activos (Madrid) Mr. Richard Goldthorpe,Director Global Head of Securitisation Fortis Bank (Brussels) 16:15–17:30 THE NEED FOR MORE HARMONISATION IN THE EUROPEAN SECURTISATION MARKETS: A DEBATE
specific goals and recommendations; and ■ To increase understanding of, and to raise awareness about, the growing importance of the European securitisation market to the overall development and competitiveness of the single financial market in Europe. The Symposium has been organised into a three panel format, with moderators and panelists drawn from various segments of the ESF’s senior membership, along with other prominent professionals, academics as well as senior European regulators. The first panel will broadly introduce the Framework document and explain the motivation of the ESF in undertaking this major project. This panel will also discuss the actions and responses the Forum is seeking in respect of the Framework as well as provide a detailed section-by-section overview of the content of the Framework. The following two panels are structured as a debate and dialog on several key conceptual underpinnings and specific proposals embodied in the Framework document. These panels will also address the principal advantages that hamonisation would produce and will discuss the principal obstacles and challenges to achieving the Framework’s vision for the European securitisation market in the near future. This group of senior European regulators and securitisation business professionals will engage in a lively discussion and debate about some of the key premises and goals of the Framework in light of the future growth and competitiveness of the European securitisation business. Specifically, this panel will focus on (i) the need for more harmonisation in these markets; (ii) whether such harmonisation is desirable and practically achievable; (iii) and the incentives for, and impediments to, such future harmonisation in the securitisation area. MODERATOR Mr. Hermann Watzinger, Managing Director Debt Markets Credit Derivatives Merrill Lynch (London) Chairman, European Securitisation Forum PANELISTS Mr. Antonio Sainz deVicuna, General Counsel Europäische Zentralbank (Frankfurt) Mr. David Wright,Director Internal Market, Europäische Kommission/European Commission (Brussels) Mr. Anthony Smith-Meyer, Managing Director and Global Head of Financial Services Fortis Bank (Luxemburg) Vice Chairman, European Securitisation Forum Mr. Philippe Tromp, Managing Director, Europe Financial Security Assurance (London) Mr. Jean-François Despoux, Managing Director and Head of Securitisation Europe Société Générale (Paris) Additional pan-European regulator to be announced. 17:30–18:30 RECEPTION AND HORS D’OEUVRE
Page 1 and 2: A Pan-European Symposium on A Frame
Page 3: About the Symposium European Securi

For European A Framework Securitisation - Securitization.Net

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?