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 30 June 2010 - ASF Town Hall Update

In keeping with the ASF’s approach to keeping members’ informed, we will once again be convening a Town Hall Update for the June evening series. The ASF Chairman, Treasurer & CEO will provide their respective updates to members. The AGM later in the year will provide a more formal opportunity to get another, audited update and once again serve to underpin the ASF’s strengthening corporate governance arrangements, appropriate to the nature and scale of its activities.

Venue:                At the Sydney offices of Mallesons, Stephen & Jaques with a videolink to Mallesons Offices in Brisbane and Melbourne.
                            Level 61, Governor Phillip Tower, 1 Farrer Place, SYDNEY

Commencing:     5:30pm - 6:30pm followed by networking drinks

Previous Evening Series

19 May 2010 - "An Australian Retail Bond Market – Hot Air or a Reality" - A panel of industry participants canvassed the pro’s and con’s of a liquid and diverse retail bond market developing in Australia. Geoff Weir Director, Australian Financial Centre Forum, highlighted the rationale behind the recommendation to Government. Including:

What do Australian companies think of the potential?
What is the view of whole sale investors to a retail bond market?
Will ASIC’s simplified prospectus requirements for a debt issue make a difference?
What are the implications of a retail bond market for securitisation?

Invited speakers included:

Geoff Weir - Australian Financial Centre Forum
Louise McCoach – Clayton Utz
Ken Chapman – ASX
Barry Sharkey – UBS
Julian Foxall – PIMCO
Peter Christie – Commonwealth Bank

21 April 2010 - Fixed income, credit and MBS/ABS experts discussed the 2010 outlook for Australian securitisation markets. David Plank (Head of Macro Research & Strategy Australia / New Zealand, Deutsche Bank Australia) and David Goodman (Head of Asset Backed Research at Westpac Institutional Bank) each presented and then discussed with the audience what might drive Australian interest rates over the next few years (i.e. RBA and global drivers), APRA liquidity reforms and possible implications for covered bonds, the size of the capital financing task over the next five years and how meeting that task will inevitably require securitisation to be reasonably large[r]. MBS/ABS deals YTD and predictions for deal flow over the next 12 months will also be discussed, including where – if anywhere – pricing is likely to head.

John Sorrell (Head of Credit at Tyndall Asset Management) provided an investor’s perspective on how he sees portfolio construction in the light of macro-economic forecasts and market trends.

10 March 2010 - Jason Kravitt of US law firm, Mayer Brown discussed the current state of the US market, legislation and regulatory reform. Mr Kravitt is a Board member of the American Securitization Forum and a leading figure in the US securitisation market.

17 February 2010 - ASF's Proposal for Retention of Risk in Australian Securitisations. 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”).