Conference Presentations:
Andrew Sentance, Senior Economic Adviser, PricewaterhouseCoopers LLP and Former External Member of the Monetary Policy Committee, Bank of England Download presentation
Mark Hoban MP, Financial Secretary to the Treasury. Download presentation
Financing Solutions for Corporates
A conference for borrowers & investors on the future of the loan market
What happens when a company is a better credit than the bank that finances it? It was this upside-down world that provided the backdrop for the inaugural Financing Solutions for Corporates conference. Held in London on 31 January and hosted by Euromoney Conferences and EuroWeek this event provided a platform for corporate borrowers, investors and financial intermediaries to debate the future of the loan market. With a strong focus on how new regulation including Basle III is affecting the market, the conference attracted an unprecedented amount of corporate treasurers keen to discuss their funding issues.
Loans have long been the primary route that European companies use to access the debt markets; participants were eager to discover how the fundamental structural changes currently taking place will affect how banks lend to their clients.
Banks will have to be cleverer in servicing their clients’ needs, panelists argued, perhaps bringing in new types of investors in corporate debt. For the moment, treasurers at large companies can continue to borrow at attractive rates. That is unlikely to remain the case for long. The problem of financing small and medium-sized companies continues to confound policymakers.
Dr Andrew Sentence CBE, senior economic adviser at PWC and former member of the MPC at the Bank of England opened the one-day event with an address which asked What is the ‘new normal’ for the economy? This was followed by a second keynote address later in the day from Mark Hoban MP, financial secretary to the treasury, who discussed the need for swift and comprehensive banking reform in order to create a stable platform for growth.
These informative and frank addresses were complemented by a series of lively panels and workshops which debated a wide range of important issues including: the potential fragmentation of the European loan market; the patterns of demand for leveraged loans; liquidity in the secondary markets; and financing solutions offered by non-bank investors.
The success of this event shows that the interest in the future of the wider corporate credit market is of paramount importance. Corporate treasurers are seeking stability and assurance from a market which is undergoing significant structural changes. We look forward to continuing these discussions in 2013 and hope you will be back to join us.
For information regarding speaking or sponsorship opportunities please contact Andrew Lennon on +44 207 779 8043 or email alennon@euromoneyplc.com