SCI's 3rd ANNUAL MARKETPLACE LENDING
SECURITISATION SEMINAR

- in association with




22 JUNE 2017, NEW YORK

Venue location: 250 West 55th Street, New York, NY 10019

 

 

KINDLY SUPPORTED BY

 

                   

 

                      


 REGISTRATION DETAILS & DISCOUNTS

Regular delegate rate: $767
Register today at the super-early discount rate: 35% off: Pay just $499 using the discount code EarlyMPL17


CLICK HERE TO REGISTER FOR $499
USING THE DISCOUNT CODE: EarlyMPL17



AGENDA

11.30 REGISTRATION & Lunch Boxes

12.00 OPENING REMARKS: John Owen Waller, MD, SCI; Henry Morriello, Partner, Head of Structured Finance & Derivatives, Arnold & Porter Kaye Scholer

12.05 REGULATORY CHALLENGES & DEVELOPMENTS
Which regulatory challenges remain for the marketplace lending industry to overcome (true lender status, Madden vs Midland Funding etc.)? 
Which authority regulates marketplace lenders and how does this affect the industry’s progress (the SEC, OCC, CFPB)?
If the SEC regulates marketplace lenders, will the loans be classed as a security? Will this affect outstanding and/or subsequent ABS issuance?
Are rep and warranty, verification and infrastructure provisions adequate?

12.55 Networking Break

1.20 STRUCTURING CHALLENGES & THE EVOLUTION OF MARKETPLACE LOAN ABS
How has the securitisation of marketplace loans developed since the early transactions? 
Have marketplace ABS structures evolved and improved over time? 
How has the implementation of risk retention rules affected structuring and pricing?
Have lessons been learned over time, such as building in greater levels of credit enhancement after the higher-than-expected losses seen in the early deals?

2.10 Networking Break

2.30 THE INVESTOR PERSPECTIVE
How does marketplace ABS stack up against other asset classes in terms of relative value? 
Does marketplace ABS provide enough diversification for investors and are they compensated for the risks associated with a less established asset class? 
How do investors approach marketplace ABS? Do they view it as a homogenous or fragmented asset class?
Is there a liquid secondary market yet? If not, why not and does this hamper the sector?
Are investors seeking greater diversity, such as marketplace loans from the UK and China, for example? What are the challenges associated with adding new geographical exposures?

3.20 Networking Break

3.40 REAL ESTATE MARKETPLACE LENDING & PLATFORM DIVERSIFICATION
How has real estate marketplace lending grown, how will it continue to grow and how crucial is securitisation to its growth?
Will more platforms diversify their loan products and how will this improve their prospects?
Are platforms that have securitised one asset type keen to securitise another?
What sort of investor demand is emerging for real estate marketplace loans and MPL RMBS?

4.30 THE FUTURE  OF MARKETPLACE LENDING & SECTOR INNOVATIONS:
What does the future hold for marketplace lending platforms and how will this affect outstanding/ future ABS? 
Will bank partnerships become more common and could this facilitate greater issuance volumes? Could it lead to better quality securitisations? 
Is platform consolidation likely to become a dominant theme? Will more banks develop their own platforms like Goldman Sachs’ Marcus and what will the impact be?

5.20 COCKTAILS & NETWORKING

7.00 CLOSE

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