Cadwalader’s Sophie Cuthbertson Delivers Opening Remarks as Chairperson of PLI’s 'New Developments in Securitization 2020' Event

November 20, 2020

Cadwalader partner Sophie Cuthbertson kicked off the Practising Law Institute’s (PLI) “New Developments in Securitization 2020” live webcast event earlier this month with opening remarks. Speaking to an audience of structured finance industry professionals, Cuthbertson previewed program highlights, which included a market overview of various structured securities classes, related legal and regulatory developments and the effects of COVID-19 on the sector. 

More specifically, Cuthbertson addressed timely topics such as:

  • Trends in issuance volumes YTD versus prior year, particularly as affected by the COVID-19 pandemic – including securitization of student and auto loans, CDOs/CLOs and credit card and equipment receivables
  • The transition from LIBOR to alternative reference rates and its implications for a wide range of financial contracts and securitizations

In addition, Cuthbertson participated as a speaker on the “LIBOR: The Road Ahead For Securitization Markets” panel, and was joined by co-panelists Stephen Kudenholdt, Dentons' head of structured finance and a member of its U.S. Capital Markets practice, and Alexis Pederson, Capital Markets senior company counsel in the Wells Fargo legal department.

Cuthbertson also spoke on the panel, “Securitization: Recent Developments in Structured Finance,” along with co-panelists Jen Earyes, head of policy for the Structured Finance Association, and Charles Sweet, the practice development leader of Morgan Lewis’ structured transactions group.

Cadwalader partner Gregg Jubin also participated as a speaker on the “CLO Market Update – Brighter Days Ahead?” panel, which provided a CLO market overview, including the impact of the pandemic, and a future outlook for this sector. He was joined by co-panelist Susan McCarter, a managing counsel in the Wells Fargo law department.

“This year’s PLI securitization conference agenda kept returning in one way or another to the effects of the pandemic on the securitization market and the market’s resiliency,” said Cuthbertson, who chaired the event. “Other hot topics remain the market’s preparedness for the transition away from LIBOR at the end of 2021, particularly what can be done about tough legacy deals.”  

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.

Jubin is a partner in Cadwalader’s Capital Markets Group and Managing Partner of the firm’s Washington, DC, office. He has 29 years of experience in corporate and finance transactions, with particular emphasis in transactions involving hedge funds and private equity fund of funds, structured funds, collateralized debt obligations, derivatives, synthetic structured products, and other types of structured products.