IFLR European Capital Markets Forum 2013 - Agenda


April 9, 2013 - The Waldorf Hotel, London


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08.45 Chair's introduction and opening remarks
Lucy McNulty, managing editor, IFLR

09.00 Debt developments: Managing liability and raising funds
• Structuring and planning liability management exercises
• Banks and links to sovereigns
• The differences between bail-in bonds and contingent capital: more activity? 
• Sovereign new issues: what to look out for

Michael Doran, partner, White & Case (chair)
Bruce Duncan, managing director and counsel, banking and capital markets origination legal, Citigroup
AJ Davidson
, managing director and head of hybrid capital & balance sheet solutions - EMEA & APAC, Royal Bank of Scotland
Gavin McLean
, partner, White & Case 

09.55 The direction of equity deals in 2013
• UK reform to attract high-growth listings: free float; eligibility criteria; and reporting requirements
• Comparison to listing in New York post-Jobs Act
• UKLA merit based questioning versus SEC's disclosure-based approach
• Implementation of equity elements of the Prospectus Directive
• Trends in structuring rights issues and block trades
• Dealing with the infancy of more arduous sponsor regulation in the UK

Richard Price, partner, Shearman & Sterling (chair)
Mark Bicknell, EMEA origination counsel, Bank of America Merrill Lynch
Graham Kent
, head of ECM, M&A and corporate broking legal, Deutsche Bank
Stephen Whitbread
, executive director, legal & compliance, Morgan Stanley
Monica McConville
, partner, Shearman & Sterling

10.50 Coffee and networking

11.10 High yield: Exploring new opportunities
• Current trends and developments in European high yield 
• Portability options
• Call protection (103 redemption)
• Equal rights for banks and bond holders
• High yield in Southern Europe, particularly regulatory changes in Italy
• Status and prospects of retail high yield in Germany 

Roberto Bruno, partner, Proskauer Rose (chair)
Tilo Kraus, managing director capital markets, IKB Deutsche Industriebank
Anthony Diamandakis
, managing director, Credit Suisse
Michael Whelan
, senior vice president, US Bank Global Corporate Trust Services
Kai Birke
, partner, Gleiss Lutz
Andrea Giannelli
, partner, Legance

12.05 Focus: Central & Eastern Europe
• CEE, Russia and CIS market update
• Recent bank regulation in Europe and impact on the CEE, Russia and CIS market
• Corporate governance issues
• Holding company, listing jurisdictions and settlement issues
• Developments in US securities law

Daniel Winterfeldt, partner, CMS Cameron McKenna (co-chair)
Mathias Strasser, partner, CMS Austria (co-chair)
Sarah Blomfield, head of IB legal, Rothschild
Jaqueline Steven, director and assistant general counsel, Bank of America Merrill Lynch
Alan MacAlpine, head of transaction structuring and executive for EMEA depositary receipts, BNY Mellon

13.00 Lunch

13.50 Retail structured products
• Countdown to Prips implementation: how to prepare
• Issues with the key investor document - blocking retail investors
• How does this fit with the Prospectus Directive? 

Penny Miller, managing associate, Simmons & Simmons (chair)
Timothy Shakesby, seconded national expert in DG Market, European Commission
Tim Hailes, managing director, associate general counsel, JP Morgan
Simon Bladon, managing director - legal, Barclays
Tim Northam, executive director - legal & compliance, Morgan Stanley

14.30 Focus: Executing deals with success in emerging markets
• Has issuing in emerging markets become easier or more difficult in the last 12 months?
• Has a balance been reached between rulemaking and executing transactions?
• Increased diligence demands: Ofac sanctions, FCPA, Fatca and the Bribery Act

Peter Castellon, partner, Proskauer Rose (chair)
Kerem Turunc, partner, Turunc
Amol Prabhu
, director, Barclays
Kanji Rizwan
, partner, King & Spalding

15.20 RMB business in Europe
• Will London be a global renminbi hub?
• Cooperation with and lessons from Hong Kong
• Developing new products and services

Stephen Roith, partner, Sidley Austin (chair)
Adam Tyrrell, managing director, head of capital markets Europe, Standard Chartered Bank
Nicola Busbridge, managing director, head of Transaction Management Group, EMEA debt capital markets, HSBC Bank

15.50 Coffee and networking

16.10 Securitisation: Winning back confidence
• Prime Collateralised Securities initiative - lessons from first issuances
• Opportunities to revive the CMBS market?
• Dodd-Frank and its impact on commodity pools
• Solvency II interpretation 
• Increase in fixed rate deals and deals structured without need for swap counterparty
• Developments: covered bonds and project bonds

Jerry Marlatt, senior counsel, Morrison & Foerster (chair)
Brad Duncan, director and deputy general counsel, Citigroup
Steven Gandy, managing director and head of securitisation, Santander Global Banking & Markets
 
17.00 Roundtable: Regulation in 2013/14
• Market Abuse review - the importance of defining insider info
• A specific regime for pre-sounding - cross border issues and will feedback be guidance or prescriptive?
• How the Prospectus Directive final implementation issues will be resolved 
• Clearing/reporting requirements - comparison between UK and US
• Short selling: new clarifications on market making activites
• Proposal from the Commission on EU Financial Transaction Tax

Jeremy Jennings-Mares, partner, Morrison & Foerster (chair)
Ruari Ewing, director, primary markets, International Capital Markets Association
Ijeoma Okoli
, director, commercial banking legal, wholesale markets, Lloyds Bank Commercial Banking
John Hughes, EMEA banking and markets, head of regulatory reform, Bank of America Merrill Lynch

17.50 Chair's closing comments

18.00 Cocktail reception - sponsored by CMS

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