TUESDAY, MAY 10, 2016
6:30 pm - 9:30 pm
Opening Reception at Gibson Hall
sponsored by Hilco and Winston & Strawn LLP
WEDNESDAY, MAY 11, 2016
8:30 am - 9:15 am
The Economy: Is the New Normal Low Interest Rates and Slow Growth?
Eight years after the start of the global financial crisis, we now have negative interest rates and debt is higher than ever. Global financial markets have had their worst start to a year since the Great crash in 2008. And the IMF is warning that global growth is still at risk from a range of downside risks and headwinds. So what next Europe and the world economy? The good news is that recovery is occurring in all regions. Manufacturing may be struggling but service sector growth is more robust. Consumer spending is rising - as a result of low inflation and rising real incomes alongside falling unemployment. Though there is a divergent performance in Europe, and in the world, the trend is positive. Can it last in the face of a number of risks? What is the outlook for productivity, interest rates, inflation, oil prices and does debt matter? What is happening to M&A and borrowing by corporates? And what about banks funding in an era of ever tighter regulation? These issues and more will be discussed in the economic outlook.
Speaker: Trevor Williams, Lead Economist, Lloyds Bank Corporate Markets
9:15 am - 10:15 am
Regulators and Lenders: Peaceful Co-Existence?
A look at recent US and EU regulations and how such regulations are shaping the lending market and including a discussion of how lenders are, or perhaps should be, dealing with the regulators.
Moderator: Barry Bobrow, Managing Director, Wells Fargo Securities
Imogen Garner, Partner, Norton Rose Fulbright
Emma Hardaker, Director, Promontory Financial Group (UK) Ltd.
Michael Hipwell, Interim Head of EMEA Compliance; Senior Vice President, Wells Fargo
10:15 am - 10:45 am
10:45 am - 11:45 am
Spain and Italy: So Close Yet So Far?
Still two of Europe’s larger economies, how are asset-based lenders thinking about lending on assets there? What are the challenges and opportunities? A discussion of the business and legal issues in lending in Spain and Italy, with some real life examples.
Moderator: Dominic Griffiths, Partner, Head of Banking & Finance, Mayer Brown London
Eli Appelbaum, Managing Director, Investment & Finance, Gordon Brothers Europe
Ian Feinson, Assistant General Manager, Debt Advisory Group, Sumitomo Mitsui Banking Corp. Europe Ltd.
Gonzalo Rivera Gomez, Partner, Garrigues
Giuseppe Schiavello, Founding Partner, SF Avvocati
11:45 am - 1:15 pm
Lunch with Speaker
Making Sense of an Uncertain World: Current Trends in Geopolitical Risk and Their Impact on Cross-Border Investment
Speaker: David Chmiel, Managing Director, Global Torchlight
1:15 pm - 3:00 pm
Market Review: A Look at the Current "Market" for International ABL
What is the current scale and scope of the market for international asset-based facilities? How does it compare to the larger asset-based market? How is the “market” addressing key issues in cross-border financings? Dual panels discuss deals they have done and the challenges and opportunities for cross-border asset-based lending and including the impact of developments in the leverage finance market. The first panel will focus on the large US-originated syndicated market for global businesses and the other on UK/European originated facilities.
Moderator: David Morse, Partner, Otterbourg P.C.
Joye Lynn, Managing Director - Loan Syndications, Wells Fargo Capital Finance
Alister Bazaz, Senior Vice President & Managing Director - Head of International ABL, Bank of America Merrill Lynch
Matt Sparkes, Executive Director, J.P. Morgan
Moderator: Michael Black, Partner, Norton Rose Fulbright
Steve Chait, Managing Director, Wells Fargo Capital Finance (UK)
Jeremy Harrison, SVP and Regional Group Head, Bank of America Business Capital
Chris Hawes, Country Head Transaction Risk Management, HSBC, Global Trade & Receivables Finance
Jonathan Parfitt, Head of Multi Local, ABN AMRO Commercial Finance PLC
3:00 pm - 3:30 pm
3:30 pm - 4:30 pm
Workout Corner: How Should Institutions Think About Multijurisdictional Workouts?
A panel discussion about workouts in cross-border deals. Who do you turn to? What do you think about? What other players must be considered? Includes a discussion of tough deals and what really happened.
Moderator: Dimitri Karcazes, Principal, Goldberg Kohn
Nigel Hogg, Director, EMEA Regional Head of Credit, Wells Fargo Capital Finance (UK)
Richard Hawkins, Chairman, Atlantic RMS
Jonathan Helfat, Partner, Otterbourg P.C.
Andrew Knight, Partner, Squire Patton Boggs
4:30 pm - 5:30 pm
Alternative Lenders: Impact Players?
The disruption in the leverage finance market and the impact of regulations on banks has fueled the growth of alternative lenders. Representatives from these institutions talk about what is happening in their business.
Moderator: Georgia Quenby, Partner, Reed Smith
Peter Jaffe, Founding Partner, Grovepoint
Larry Klaff, Senior Managing Director, Gordon Brothers Finance Company
Tara Moore, Managing Director, Guggenheim Partners
Steve Osborne, Director, ICG plc
6:00 pm - 9:00 pm
Networking Reception at Butlers Wharf Chop House
sponsored by Mayer Brown
THURSDAY, MAY 12, 2016
8:30 am - 9:30 am
Law Recap: Secured Lending Legal Developments Throughout the World
Statues and cases affecting secured lending throughout the world continue to evolve. A review of the changes in secured lending and insolvency laws and cases in countries throughout the world.
Moderator: Richard Kohn, Senior Principal, Goldberg Kohn
David Burdette, Professor of Insolvency Law, Nottingham Law School, Nottingham Trent University
Louise Gullifer, Professor of Commercial Law, Oxford University
Marek Dubovec, Senior Research Attorney, National Law Center on Inter-American Free Trade
9:30 am - 10:30 am
Business As Usual? Assessing the Impact of Digitized Trade and Supply Chain Payment Platforms on the Future of International Trade Finance
Advances in platform and network connectivity have spawned new and more efficient ways of transacting business, extending credit, providing finance and settling payment globally. New players have entered the market – procure-to-pay platforms, supplier networks, and non-bank lenders/funders. How are these affecting your business today and will they be a threat or present opportunities for collaboration in the future?
Moderator: Pat Trammell, President, Southeastern Commercial Finance, LLC
Philip Ashdown, Founding Partner, Silvermine Partners LLP
Tony Brown, Principal, The Trade Advisory
Lex Greensill, Founder & CEO, Greensill Capital
Ad van der Poel, SVP Financing, Basware Corporation
10:30 am - 11:00 am
11:00 am - 12:00 pm
Borrower’s Perspective: CFOs and ABL—Real Talk
Real life borrowers using asset-based facilities talk about their likes and dislikes concerning asset-based lending and their view of the process of putting their facilities in place. Would they do it all over again?
Moderator: Stephen Lewis, Managing Director, Headwaters MB
Fiona Greiner, CEO, Matches Fashion
Duncan Hinks, CFO, Doncasters
Additional Panelists TBA
12:00 pm - 2:00 pm