Marketplace Lending Forum: Key Considerations for Risk Retention in Securitization

Securitization continues to be a key source of capital for many marketplace lenders. Unless exempt, any securitization entered into on or after Christmas Eve 2016 will need to comply with the risk retention requirements of Section 15G of the 1934 Act as added by the Dodd-Frank Act in 2010. With implementation imminent, strategies are evolving quickly, while new investors and other market participants are emerging in connection with the opportunities arising from the implementation of risk retention.

This webinar in association with Lendit and Lending Times, will focus on key factors to consider in choosing the optimal risk retention structure and investors and other partners to assist in implementing that structure.

Topics include:

  • Commercial considerations related to sponsors, including brand and investor relationships
  • Requirements to establish a majority owned-affiliate, including the amount of equity that must be retained by the sponsor versus an investor, and what constitutes a controlling financial interest
  • Leverage, including market views on “the meaning of full recourse” and foreclosure risk, maturity and other issues arising in connection with lending facilities Further issues for marketplace lenders, investment banks, investors, credit enhancement companies, ratings agencies and other parties to consider when evaluating a risk retention structure, including timing, leverage, liquidity, returns, transaction costs and suitability for EU risk retention

Panelists will include:
Phil Bartow, Portfolio Manager, RiverNorth
David Klein, CEO and Co-Founder, CommonBond
Rupert Chisholm, Managing Director, One William Street Capital
Gregg Jubin, Partner, Cadwalader, Wickersham & Taft LLP
Bruce Bloomingdale, Partner, Cadwalader, Wickersham & Taft LLP

 

 

 

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