10th Anniversary

European CapitalMarkets ForumA LEGAL UPDATE FOR IN-HOUSE COUNSEL AND THEIR ADVISERS

April 9, 2013 • The Waldorf Hotel, London

Supported by

Sponsors:

IFLRinternational financial law review

APRIL 9, 2013

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, EuropeanCommissionTim Hailes, managing director, associate general counsel, JP MorganSimon Bladon, managing director – legal, BarclaysTim Northam, executive director – legal & compliance, MorganStanley

14.30 Focus: Executing deals with success inemerging 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 Turunç, partner, TurunçAmol Prabhu, director, BarclaysKanji 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 BankNicola Busbridge, managing director, head of Transaction ManagementGroup, 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 of counsel, Morrison & Foerster (chair)Brad Duncan, director and deputy general counsel, CitigroupSteven Gandy, managing director and head of securitisation,Santander Global Banking and 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 activities• Proposal from the Commission on EU Financial Transaction Tax

Jeremy Jennings-Mares, partner, Morrison & Foerster (chair)Ruari Ewing, director, primary markets, International CapitalMarkets AssociationJohn Hughes, EMEA banking and markets, head of regulatory reform,Bank of America Merrill LynchIjeoma Okoli, director, commercial banking legal, wholesale markets,Lloyds Bank

17.50 Chair’s closing comments

18.00 Cocktail receptionSponsored by:

08.15 Registration and breakfast08.45 Chair’s introduction and opening remarks

Lucy McNulty, managing editor, IFLR

09.00 Debt developments: Managing liability andraising 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 forMichael Doran, partner, White & Case (chair)Bruce Duncan, managing director and counsel, banking and capitalmarkets origination legal, CitigroupAJ Davidson, managing director and head of hybrid capital & balancesheet solutions – EMEA & APAC, RBSGavin 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 MerrillLynchGraham Kent, head of ECM, M&A and corporate broking legal,Deutsche BankStephen Whitbread, executive director, legal & compliance, MorganStanleyMonica McConville, partner, Shearman & Sterling

10.50 Coffee and networking11.10 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 GermanyRoberto Bruno, partner, Proskauer Rose (chair)Tilo Kraus, managing director capital markets, IKB DeutscheIndustriebankAnthony Diamandakis, managing director, Credit SuisseMichael Whelan, senior vice president, US Bank GlobalCorporate Trust ServicesKai Birke, partner, Gleiss LutzAndrea 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 lawDaniel Winterfeldt, partner, CMS Cameron McKenna (co-chair)Mathias Strasser, partner, CMS Austria (co-chair)Sarah Blomfield, head of IB legal, RothschildJaqueline Steven, director and assistant general counsel, Bank ofAmerica Merrill LynchAlan MacAlpine, head of transaction structuring and executive for EMEAdepositary receipts, BNY Mellon

13.00 Lunch and networking

/ColorImageDict > /JPEG2000ColorACSImageDict > /JPEG2000ColorImageDict > /AntiAliasGrayImages false /CropGrayImages true /GrayImageMinResolution 300 /GrayImageMinResolutionPolicy /OK /DownsampleGrayImages true /GrayImageDownsampleType /Bicubic /GrayImageResolution 300 /GrayImageDepth -1 /GrayImageMinDownsampleDepth 2 /GrayImageDownsampleThreshold 1.50000 /EncodeGrayImages true /GrayImageFilter /DCTEncode /AutoFilterGrayImages true /GrayImageAutoFilterStrategy /JPEG /GrayACSImageDict > /GrayImageDict > /JPEG2000GrayACSImageDict > /JPEG2000GrayImageDict > /AntiAliasMonoImages false /CropMonoImages true /MonoImageMinResolution 1200 /MonoImageMinResolutionPolicy /OK /DownsampleMonoImages true /MonoImageDownsampleType /Bicubic /MonoImageResolution 1200 /MonoImageDepth -1 /MonoImageDownsampleThreshold 1.50000 /EncodeMonoImages true /MonoImageFilter /CCITTFaxEncode /MonoImageDict > /AllowPSXObjects false /CheckCompliance [ /None ] /PDFX1aCheck false /PDFX3Check false /PDFXCompliantPDFOnly false /PDFXNoTrimBoxError true /PDFXTrimBoxToMediaBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ] /PDFXSetBleedBoxToMediaBox true /PDFXBleedBoxToTrimBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ] /PDFXOutputIntentProfile () /PDFXOutputConditionIdentifier () /PDFXOutputCondition () /PDFXRegistryName () /PDFXTrapped /False

/CreateJDFFile false /Description > /Namespace [ (Adobe) (Common) (1.0) ] /OtherNamespaces [ > /FormElements false /GenerateStructure false /IncludeBookmarks false /IncludeHyperlinks false /IncludeInteractive false /IncludeLayers false /IncludeProfiles false /MultimediaHandling /UseObjectSettings /Namespace [ (Adobe) (CreativeSuite) (2.0) ] /PDFXOutputIntentProfileSelector /DocumentCMYK /PreserveEditing true /UntaggedCMYKHandling /LeaveUntagged /UntaggedRGBHandling /UseDocumentProfile /UseDocumentBleed false >> ]>> setdistillerparams> setpagedevice