IBA Annual Conference Rome 2018
7 Oct - 12 Oct 2018
Session Room C, Level -1
Session information
The good, the bad and the ugly: who’s who in transactions in distressed financial assets? The originator, the investor and the regulator's perspective
Thursday 11 October (1115 - 1230)
Committee(s)
Banking & Financial Law Committee
(Lead)
Creditors' Rights Subcommittee
Description
The non-performing loan (NPL) market is booming. Although the positive trend of the global economy is having an undoubted positive effect, divestitures by originators are, at least in some jurisdictions, the primary driver of the decrease of NPL ratio in the originator banks’ balance sheet, securitisation being one of the most commonly used tools for such divestitures. New challenges are posed by a number of variables, including the increasing interest of investors in the so-called ‘unlikely to pay’ distressed assets, the new skills that servicers are requested to deploy in the management of this asset class and in extracting value from NPLs generally, regulatory changes and the introduction of International Financial Reporting Standards (IFRS) 9. This session will explore the approach of originators, investors and their servicers, and the regulators approach to such demanding developments.
Session / Workshop Chair(s)
Giuseppe Schiavello | Schiavello & Co Studio Legale, Rome, Italy; Co-Chair, Banking & Financial Law Committee |
Roberto Emilio Silva | Marval O'Farrell Mairal, Buenos Aires, Argentina; Member, Banking & Financial Law Committee Advisory Board |
Speakers
Emanuela Campari Bernacchi | PedersoliGattai, Milan, Italy |
Russell DaSilva | Pillsbury Winthrop Shaw Pittman, New York, New York, USA; Co-opted Member, IBA Foundation |
Guido Lombardo | Credito Fondiario SPA, Rome, Italy |
Roberto Nicastro | Cerberus Capital, Milan, Italy |
Professor Juan Sanchez-Calero | Estudio Juridico Sanchez Calero, Madrid, Spain |
Lukasz Szegda | Wardynski & Partners, Warsaw, Poland |