About the Summit
The Securitisation Summit is an annual coming together of stakeholders in structured finance industry in India, entering its ninth year. The Summit has developed into a definitive and widely-participated rendezvous of the structured finance fraternity having interest in Indian securitisation.
The claim to achievement of the Summit is not only the wide participation from all stakeholders, but the fact that every year, we pick points for advocacy and we take the same up with the relevant regulators, policy-makers or other concerned persons, so as to resolve/achieve what is desired. The resolution of the distribution tax issue, withholding taxes on payment to SPVs as well as permission to FIIs for investing in securitisation transactions were picked up during previous summits, and we achieved effective results.
Over the past couple of years, the NBFC sector had to rely on securitisation and direct assignments as key source of funding, owing to the liquidity crisis. The FY 19 witnessed a record issuance volume of Rs. 1.9 lakh crores and with the first half of FY 20 already reporting Rs. 1 lakh crores worth transactions already, the market is all set to rally further.
The government has realized the importance of securitisation; measures such as partial credit enhancement etc indicate the faith the government has put. There are also active proposals for revamping the securitisation guidelines.
The market is clearly coming out the limits of priority-sector lending, as is clear from emergence of non-traditional assets, and non-traditional investors.
Securitisation is all set to scale the next level of development. To be a part of this exciting journey, we invite you all to join us at the Summit. You are sure to meet the who’s-who of the stakeholders in the Indian structured finance.
Agenda
Session 1: Taking stock of the market developments
-Indian securitisation – a force to reckon on global landscape.
-Taking stock of the partial credit enhancement scheme
-The year in retrospect on securitisation and direct assignments
-Securitisation by small players
-Development of industry standards – moving towards simple, transparent and comparable (STC) securitisation for Indian market
Session 2: Innovations in the market
-Traditional vs innovative asset classes
-How well are the investors – like MFs – reacting to innovations in the market?
-Are we seeing new asset classes, new structures, new investors, new issuers?
-Innovative structures from the last year
Session 3: Whether a regulatory revamp is on the cards?
-Report of RBI’s Working Group on Mortgage Securitisation – Can we expect a regulatory revamp?
-True sale issues – learnings from the DHFL saga
-RBI’s push to create a secondary market for corporate loans – Will this impact DA/ securitisation?
Session 4: What keeps the investors interested in the securitisation market?
-Do Mutual Funds find the market brighter than before?
-How interested are banks in structured finance transactions?
-Why is the market still not being able to attract long term investors?
-How important is the role of placement agencies these days?
-Offshore investors’ impression of the Indian market
8th Securitisation Summit, 2019
| Number of attendees | : | 135 |
| Name of the organisations | : | Magma Fincorp, Home Credit, MAS Financial Services Ltd, IDBI Trusteeship Services Limited, Catalyst Trusteeship Limited, BSR & CO. LLP, PWC, Home First Finance Company India Ltd, TT&A, Advocates and Solicitors, MCO, Karur Vysya Bank, KIFS Housing Finance Private Limited, IndiaLaw LLP, Muthoot Housing Finance Company Ltd, Wadia Ghandy & Co., International Finance Corporation, Dominic Mendosa, Northern Arc Capital, Muthoot Fincorp, Care Ratings, ESAF Small Finance Bank, Dave & Girish & Co., Bank of Baroda, Indiabulls, Barclays, Acuite ratings, HDFC Limited, HDFC Bank, Vivriti Capital, CRISIL, India Ratings and Research Private Limited, LKP Securities Ltd, Brickwork ratings India Pvt Ltd, Shinhan Bank, Edelweiss Financial, SREI, ICRA, DBS Bank, Climate Bonds Initiative, Deloitte, Sundaram MF, Lakshmi Vilas Bank, HSBC Bank |
| Post event report | : | http://vinodkothari.com/wp-content/uploads/2019/05/Post-Summit-Report.pdf |
Reach us at
For queries regarding participation, partnership or anything else, reach us at: summit@vinodkothari.com/ fintrain@vinodkothari.com
| Vinod Kothari Consultant Pvt. Ltd.
Indian Securitisation Foundation |
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