Cadwalader’s Sophie Cuthbertson Delivers Opening Remarks as Chairperson of PLI’s 'New Developments in Securitization 2019' Event

Nov 18, 2019

Cadwalader partner Sophie Cuthbertson kicked off the Practising Law Institute’s (PLI) “New Developments in Securitization 2019” event with opening remarks earlier this month in New York. She previewed program highlights for an audience of structured finance industry professionals, which included a market overview of various asset-backed securities (ABS) classes and legal and regulatory developments impacting the sector.

Cadwalader partner Peter Morreale also participated as a speaker on the “Market Update: Residential Mortgage-Backed Securities” panel.   

More specifically, Cuthbertson mentioned timely topics such as:

  • Trends in ABS issuance volumes YTD versus prior-year – including securitization of student and auto loans, residential mortgage-backed securities (RMBS) and credit card and equipment receivables
  • The transition from LIBOR to alternative references rates and its implications for a wide range of financial contracts and securitizations

“There was no shortage of topics to build out this year’s PLI securitization conference agenda,” said Cuthbertson, who chaired the event. “It was clear that speakers and attendees were eager to share knowledge and exchange viewpoints on this ever-evolving sector, which is known for both its innovation and adaptability to regulatory change.”

Morreale was joined by co-panelists R.J. Carlson, a partner at Sidley Austin LLP, and Brent Lewis, a partner at Hunton Andrews Kurth LLP, in a conversation about recent developments relating to residential mortgage securitization including, among other things: the SEC’s recent request for feedback regarding the lack of publicly registered RMBS offerings; and general industry sentiment in response to the CFPB’s Advance Notice of Proposed Rulemaking (ANPR) seeking feedback on the imminent expiration of the “GSE patch” and changes to Appendix Q. Said Morreale: “We had a really lively conversation regarding the three or four topics that are top-of-mind right now for participants in the RMBS and related markets.”

Sophie Cuthbertson is a partner in Cadwalader’s Capital Markets Group who focuses on innovative and complex structured finance transactions and private fund formation for high-profile clients, including issuers, underwriters, initial purchasers, hedge funds and private equity funds.

Peter Morreale, also a partner in the firm’s Capital Markets Group, represents issuers, underwriters, servicers and other entities in connection with the structuring, negotiation and execution of residential mortgage, consumer finance, student loan, auto and other asset-backed finance transactions.

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