SCI MARKETPLACE, DIRECT LENDING & SECURITISATION SEMINAR
Alternative lending & the recovery of the European economy
10 February 2016, London
Location: The Royal College of Surgeons of England, 35-43 Lincoln's Inn Fields, London WC2A 3PE
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Funding Circle; Chenavari; Ratesetter; GLI Finance; Zopa; Godolphin Capital; Bondora; ARES; Lendix; Canaccord Genuity; Venn Partners; Liberum; Proventus, and many more besides.
SPONSORED BY
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INTRODUCTION
Download the keynote presentation
Lending into the European economy is being newly characterised by marketplace lenders and challenger banks that have developed new models and platforms to provide credit into specific areas of need.
This challenge to the banking industry is permanently changing the way credit is being created and distributed.
In this developing market there is a potent mix of regulatory and operational uncertainties, with investment and growth opportunities to match. The possibility for Securitisation to catalyse growth has not yet been fully explored.
By bringing together Platforms, Institutional Investors, Service providers, and Structured Credit Professionals, this seminar, which follows the first ever Marketplace Loans Securitisation seminar, held in New York in June 2015, also hosted by SCI, will provide answers, analyse opportunities and facilitate the development of the relationships necessary to rapidly develop this market.
Register now for 20% off the full delegate price @ �717 + vat
(full rate: �897 + vat)
AGENDA
9:00 - 9:20 KEYNOTE - Robert Reoch
09:20 - 10:05 INVESTOR PERSPECTIVE
We investigate the opportunity offered by marketplace lending ABS for investors, such as assets with varying credit quality and attractive yields, and how they get comfortable with the asset class. It will also explore how investors will, in a new sector with limited trading history, tackle issues such as pricing and liquidity.
Panel includes:
Krishna Prasad, Syzygy Advisors
Harsh Patel, Victory Park Capital
Ian Robinson, 400 Capital Management Europe
Gyan Sinha, Godolphin Capital
Simon Champ, Eaglewood Europe/P2PGI
Abdellah Adhana, Thomson Reuters PRD Services - moderator
10:05 - 10:30 BREAK
10:30 - 11:20 RISK MANAGEMENT, UNDERWRITING & ACCESSING MARKETPLACE LOANS
Discussing issues such as: performance under exposure to rising interest rates; riskiness of platforms with no skin in the game; robustness of the model as competition and cost of acquisition increases. How much disclosure are platforms providing; Is it sufficient? Cyber security - how prepared are online lenders for a cyber attack? What procedures are in place in the event of one? What is in place to prevent such an attack?
Panel includes:
Andrew Whelan, GLI Finance
Kevin Allen, Ratesetter
Ravi Anand, ESF Capital
Partel Tomberg, Bondora
Mark James, PricewaterhouseCoopers - moderator
11:20 - 11:40 BREAK
11:40 - 12.30 BANK PARTNERSHIPS
A look at the evolving relationship between traditional bricks and mortar banks and marketplace lenders. Is this the inevitable route to cheaper customer acquisition? How will smaller lenders compete? Do the opportunities offered by marketplace lending ABS for aggregators/sponsors, such as low cost of funding outweigh the barriers to entry?
Panel includes:
Vincent Alcaix, Zopa
Marie Louise Seelig, Crosslend
Rory McHugh, RBS
Nick Harding, Lending Works
Nishant Bhaskar, Lloyds, Client Asset Management
Stephan Wilcke, Rozes Invest - moderator
12:30 - 1:20 STRUCTURING & CREDIT CONSIDERATIONS
An overview of the constituent parts of a marketplace lending securitisation structure. This panel will examine credit enhancement/subordination, underwriting/origination, servicing and compliance requirements.
Panel includes:
Sebastian Walf, Citigroup
Harsh Patel, Victory Park Capital
Patrick de Nonneville, Lendix
Holger Kapitza, UniCredit
Mustapha Zahi, Credit Suisse
John Woodhall, Sidley Austin - moderator
1:20 - 2:20 LUNCH
2:20 : 3.00 REGULATORY CHALLENGES IN ALTERNATIVE LENDING
The regulatory framework is in its early stages, and still evolving. The UK market is somewhat self-regulating with a strict code of conduct, but banks claim the rules are against them. Should the securitisation model flourish, will investors demand greater rigour?
Panel includes:
Sachin Patel, Funding Circle
Paul Peporte, Allen and Overy
Rod Lockhart, Lendinvest
Jeremiah Wagner, Cadwalader, Wickersham & Taft
Jonathan Segal, Fox Williams - moderator
3:00 - 3:20 BREAK
3:20 � 4:05 DIRECT LENDING & DISINTERMEDIATION
A look at the role of non-bank lending in improving credit transmission to the real economy, as well as associated opportunities and challenges. What are the prospects for non-bank lenders in terms of arranging and originating securitisations?
Panel includes:
Laurent Gueunier, BNP Paribas Investment Partners
Sam Mellor, Chenavari
Richard Green, Venn Partners
Danny Sinclair, Ares Capital Europe
Tim Davies, Demica
Alex Lembcke, Thomson Reuters LPC - moderator
4:05 - 4:50 ALTERNATIVE LENDING STRATEGIES
An overview of the different direct lending/alternative finance strategies (unitranche financings, senior shares, bridge loans and so on). This session will also address underwriting practices and developments in security-taking.
Panel includes:
Steve Swallow, East Lodge Capital Partners
Paul Shea, Beechbrook Capital - moderator
Christian Reiner, Proventus Capital Partners
Doran Chernichen, Cannacord Genuity
Claire Harwood, Whitehorse
5:00PM CLOSE
For more details contact:
John Owen Waller
+44 (0)20 7061 6335