Registration

Opening of the Australian Securitisation Exhibition

Australian Securitisation Forum (ASF) welcome

Greg Medcraft, Chief Executive Officer, ASF

Keynote address

Details of the federal inquiry into competition in the banking and non-banking sectors

Craig Thomson MP, Chair of the House Economics Committee, Member for Dobell, NSW

Panel discussion

Bridging the gap

• The changing landscape for issuers and investors
• Government strategies to boost liquidity and implications of the AOFM initiative

Panellists:

Andrew Twyford, General Manager, Securitisation and Treasury, Challenger Financial Services Group

John Sorrell, Head of Credit, Tyndall Investment Management

Mary Ploughman, Director Securitisation, RESIMAC

Fabienne Michaux, Managing Director, Standard & Poor's

Craig Thomson MP, Chair of the House Economics Committee, Member for Dobell, NSW

Chaired by Satish Chand, Director Securitisation, nabCapital

Panel discussion

The change in landscape for investors

• The AOFM initiative and the bank guarantee from an investor's perspective
• What will it take for investors to become net buyers?
• Structure changes to meet the market demands
• Outlook for 2009

Panellists:

Tony Togher, Head of Short Term Investments, Colonial First State Global Asset Management

Bob Sahota, Senior Portfolio Manager, Challenger Financial Services Group

Robert Camilleri, Senior Manager Credit, Aviva Investors Australia

Bruce Potts, Portfolio Manager, Alliance Capital Management

Jeff Brunton, Head of Credit Markets, AMP Capital Investors

Chaired by Philip McEwen, Director Securitisation, Westpac Institutional Bank

Morning networking break

Visit the Australian Securitisation Exhibition

Presentation

A trustee's perspective

• Current practice: What can the trustee currently do?
  • The double-trust structure
  • Captive trustees
  • Security trust events of default
• Best practice: What should the trustee be able to do?
  • International best practice
  • Better than a bond
  • A better master trust

Gary Lew, Managing Director, Global Corporate Trust, APAC, Bank of New York Mellon

Paul Wilden, Managing Director, Business Development, APAC, Bank of New York Mellon

Bruce Arnold (consulting to BNY Mellon Australia)

Presentation

The Great Bank Bailout of 2008:  What does it mean for securitisation?

• Scope of the global bank bailout initiatives
• Likely intended and unintended consequences of the Great Bailout
• Will the revaluation of financial credit benefit ABS?
• What does the new banking world order mean for securitisation incentives?
  

Ganesh Rajendra, Head of Securitisation Research, Deutsche Bank

Lunch with some light entertainment

Sponsored by Genworth Financial

Panel discussion

Is Australia still open for business? - Mark II

Panellists:

Warren Hogan, Head of Australian Economics and Interest Rate Research, ANZ

Nick Fyffe, Head of Syndicate, ANZ

Kim Cannon, Chief Executive Officer, FirstMac

Chaired by Gary Sly, Director, Securitisation, ANZ

Panel discussion

The role of back-up servicing in detail

• Lessons learnt from recent experience
• Backup servicing in practice
• Likely evolution of backup servicing in light of the market environment
• Expectations of backup servicing providers amongst market participants
• The impact of backup servicing on market participants' decisions - i.e., rating agencies: ratings assigned to deals; investors: decision to invest in deals

Panellists:

Patrick Tuttle, Chief Executive Officer, Pepper Homeloans

Mary Ploughman, Director Securitisation, RESIMAC

John Sorrell, Head of Credit, Tyndall Investment Management

Natasha Vojvodic, Senior Director, Fitch Ratings

Chaired by David Hechter, General Manager Loan Servicing, Corporate Trust Division, Perpetual

Panel discussion

Transparency in the new market

• What have the various securitisation participants seen in terms of improvements to data standards and transparency, and what do they expect going forward?
• What lessons can we take from this credit crisis and how best to apply them?

Panellists include:

Graham Mott, Partner, Deloitte

Steve Adamek, Credit Analyst, Alliance Bernstein Australia Limited

Andrew Twyford, General Manager, Securitisation and Treasury, Challenger Financial Services Group

Alex Machliss, Director, Barclays Capital

Chaired by Richard Lorenzo, Team Leader Structured Finance, Moody's Investors Service

Afternoon networking break

Visit the Australian Securitisation Exhibition

Presentation

The Australian property market review

• Outlook for the Australian economy
• Residential market conditions
• State of play and forecasts for median house prices across Australia

Ian Graham, Chief Executive, QBE Lenders' Mortgage Insurance

Robert Mellor, Managing Director and Director - Building & Construction, BIS Shrapnel

Panel discussion

Major investors assess structural issues

• Liquidity and government guarantees
• ASIC liquidity test; Responsible entity issues
• Pricing transparency
• Issuer data transparency
• Governance and restructure of the market

Panellists include:

Chris Green, Group Executive, Corporate Trust Division, Perpetual

Michael Hendrie, Head of Fixed Income Distribution, UBS

Angela Flannery, Partner, Clayton Utz

Leo Tyndall, Head of Securitisation and Structured Products, UniCredit

Nick Tribe, Senior Manager, Fixed Income, Aviva Investors

Chaired by Paul Jenkins, Partner, Blake Dawson

Close of Conference Day One

ASF Christmas Cocktails

Please join QBE LMI for a cocktail at their stand

ASF Annual Gala Dinner 2008

Sponsored by BNY Mellon Australia

Post-dinner After Party at Zeta Bar, Hilton

Sponsored by FirstMac

Presentation

ASF update: What are we doing?

Presentation and panel discussion

The mortgage origination market

• Changes in the mortgage market due to the credit crunch
• Mortgage performance through the credit crunch
• Delinquencies and valuations - is there a link? What leads?
• From non-bank perspective: What has happened to demand?
• What is the impact of AOFM investment on non-banks?

Ben McCarthy, Managing Director, Structured Finance, Fitch Ratings

Panellists include:

Kim Cannon, Chief Executive Officer, FirstMac

Brendan Darcy, Chief Executive Officer, Hometrack

Drew Hall, Chief Executive Mortgage Management, Challenger Financial Services Group

Presentation

Efficient capital management in a new world

• Lessons learnt
• Creating structures of efficiency

Craig Lee, Managing Director, Assured Guaranty

Presentation

The AOFM's investments in the market

• An outline of the process

Neil Hyden, Chief Executive Officer, Australian Office of Financial Management (AOFM)

Morning networking break

Visit the Australian Securitisation Exhibition

Panel discussion

The latest developments with regulation and legal structures

Panellists include:

Heidi Richards, General Manager, Industry Technical Services, Australian Prudential Regulation Authority (APRA)

Bruce Whittaker, Partner, Blake Dawson

Sonia Goumenis, Partner, Clayton Utz

Keynote presentation

Project RESTART and what is current in the US markets

• Identification of US RMBS deficiencies
• Discuss development of Standardised Disclosure and Reporting Investor Packages
• US views on originator 'skin in the game'
• Should/will US RMBS become more?

Tom Deutsch, Deputy Executive Director, American Securitization Forum

Keynote address

Mutual recognition and rating agency inquiry

• Mutual recognition between US & Australia in relation to securities offerings
• ASIC review of rating agencies

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law

Panel discussion

The way forward

Leading asset-backed securities market practitioners discuss the highlights of the past two days, looking at findings and conclusions

Panellists:

Greg Medcraft, Chief Executive Officer, ASF

Tom Deutsch, Deputy Executive Director, American Securitization Forum

Robert Camilleri, Senior Manager Credit, Aviva Investors

Roger Desmarchelier, Head of Group Securitisation, St.George Bank

Ben McCarthy, Managing Director, Structured Finance, Fitch Ratings

Chaired by Phil Vernon, Chairman, ASF