Evening Series
The Australian Securitisation Forum (ASF) is dedicated to promoting development of securitisation in Australia, representing banks, mortgage originators, dealers, issuers, investors, insurers, trustees and law and accounting firms.
ASF Evening Series are designed to keep members updated on current issues and themes in the industry, and combine topical expert discussions with social networking functions.
The ASF Evening Series brings members together regularly in Sydney and Melbourne throughout the year so that all members can capitalise on the knowledge and networking capacity of the ASF.
This is a complimentary event for current ASF members however non-members may attend for a fee of $50.00 plus GST.
Wednesday 10 March 2010 - ASF Evening Series will feature Jason Kravitt of US law firm, Mayer Brown
To be held at the offices of Mallesons, Level 61, Governor Phillip Tower, Sydney commencing at 5:30pm with video link to Malleson's offices in Melbourne and Brisbane.
Mr Kravitt is a Board member of the American Securitization Forum and a leading figure in the US securitisation market. In his presentation he will discuss the current state of the US market, legislation and regulatory reform.
Wednesday 17 February 2010 - ASF Evening Series: ASF's Proposal for Retention of Risk in Australian Securitisations
On Wednesday 17 February 2010 the above Evening Series was held in the offices of Mallesons, Level 61, Governor Phillip Tower, Sydney commencing at 5:30pm with video link to Malleson's offices in Melbourne and Brisbane.
The ASF presented its proposal to members for the Australian implantation of IOSCO’s Task Force on Unregulated Markets and Products (TFUMP) first recommendation of its final report on securitisation of September 2009. TFUMP’s first recommendation was that the alignment of interest of transaction parties in a securitisation would be enhanced through the retention of a long term economic interest in the transaction (“skin-in-the-game”).
Tuesday, 13th October 2009 - ASF industry consultation on Australian ABS/MBS disclosure standards and related IOSCO/G20 reforms
On Tuesday, 13th October 2009 the above Evening Series was held at the offices of Minter Ellison, Level 19, Aurora Place, Sydney at 6.00pm and by video link to Minter Ellison's offices in Melbourne and Brisbane.. The topic was a presentation on the ASF's industry consultation on Australian ABS/MBS disclosure standards and related IOSCO/G20 reforms.
The session was introduced by Stuart Fuller, Chairman of the ASF, and was moderated by Alex Sell, the ASF’s Chief Operating Officer.
Wednesday, 30th September 2009 - 'How much skin, what type of skin, and over what collateral must there be skin-in-the-game?'
On Wednesday, 30th September 2009 the above Evening Series was held at the offices of Mallesons, Level 61, 1 Farrar Place, Sydney at 6.00pm. The topic was 'How much skin, what type of skin, and over what collateral must there be skin-in-the-game?'
Debate has raged over how much retention is necessary and what form it should take. Already, the US Congress and European Parliament have forged ahead with differing visions for how it should be accomplished. The panel consisted of:
Greg Medcraft - ASIC Commissioner and former CEO and Executive Director of ASF
Jeff Brunton - Head of Credit Marketing, AMP Capital Investors Ltd
Matthew Lever - Senior Manager Securitised Funding, Commonwealth Bank of Australia
Peter Rollason - Executive Director, Liberty Financial
Vernon Spencer - Chairman, Stargate Corporation Group
Wednesday, 22nd July - 'Covered Bonds'
On Wednesday, 22nd July 2009 the above Evening Series was held at the offices of Blake Dawson in Sydney. The topic was 'Covered Bonds' and the panel consisted of :
Chris Barrington, Westpac (Head of Global Funding, Group Treasury)
Peter Eastham, Standard & Poors (Senior Director, Structured Finance)
Alex Machliss, Barclays Capital (Debt Capital Markets)
Wednesday, 24th April - 'Commercial Property - fundamentals & outlook'
On Wednesday, 29 April 2009 the above Evening Series was held at Mallesons, Level 61, Governor Phillip Tower, 1 Farrer Place, Sydney at 5:30pm.
A copy of the presentation by Nick Crothers of Jones Lang LaSalle can be downloaded here.
A copy of the ASF presentation by Fitch Ratings can be viewed here.
'Town Hall' meetings
24 June 2009 - ASF announces policy options for resuscitation of securitisation market and provides its mid-year operational update
To help to restore market and investor confidence in credit markets and the flow of credit to the economy, the ASF has made a number of submissions to Government and regulators.
Most recently, the ASF has commissioned Access Economics to prepare an independent report evaluating the various policy responses that Government could take with respect to securitisation in order to assist in the restoration of healthy credit flows in the Australian economy. This will be delivered to the Commonwealth Treasurer in July and shared with members, including a full media launch.
The ASF's operational update together with details of the submissions made this year can be found in the following 'Town Hall' presentation.
