EMTA' s 25th Anniversary Panels: Emerging Markets – Then and Now (London) - May 16 Emerging Markets – Then and Now (London) - May 16
EMTA's 25th Anniversary Panels: Emerging Markets – Then and Now (London) - May 16

Monday, May 16, 2016

Hosted by

allen & overy

One Bishops Square
London E1 6AD 

1:15 p.m. Registration 

1:30 p.m. – 2:00 p.m.
Welcome from Michael Chamberlin (EMTA's Executive Director)

Introduction by Martin Schubert (European InterAmerican Finance Corp.)

Video Remarks by Angel Gurria (Secretary General of the OECD)

2:00 p.m. – 3:00 p.m. First Panel Discussion 

EM Origins and Birth 

Martin Schubert (European InterAmerican Finance Corp.) – Moderator
Lee Buchheit (Cleary Gottlieb Steen & Hamilton)
David C. Mulford (Vice Chairman International, Credit Suisse and Former U.S. Under Secretary of the Treasury for International Affairs and Ambassador to India)
Hans-Joerg Rudloff (Chairman, Marcuard Holding Ltd and former Chairman, Barclays Capital and ICMA, and Chairman and CEO of Credit Suisse First Boston)
Rick Haller

3:00 p.m. – 3:15 p.m. Break 

3:15 p.m. – 4:15 p.m. Second Panel Discussion 

Our Market Grows and Develops 

Martin Schubert (European InterAmerican Finance Corp.) – Moderator
William Ledward (Franklin Templeton Investments)
Hans Humes (Greylock Capital Management)
Carlos Penny-Bidegaray (Pennynvest)
Peter Bartlett 

4:15 p.m. – 5:15 p.m. Third Panel Discussion 

Our Market Matures and Mainstreams –  Today and Tomorrow 

Yannis Manuelides (Allen & Overy) – Moderator
Lee Buchheit (Cleary Gottlieb Steen & Hamilton)
Mark Franklin (Emso Asset Management Limited)
Stuart Culverhouse (Exotix Partners LLP)
Dean Menegas (Spinnaker Capital Limited)

5:15 p.m. – 6:15 p.m. Cocktails 

Expert panelists from EMTA’s founding days to the present will discuss the following: 

  • Origins of EM debt trading in the early ‘80’s (and the impact of the Brady plan) to its current evolutionary state - is there just too much debt and how do we get to “life after debt”? 
  • How has the EM investor base changed, and how is the asset class now being viewed? 
  • The evolving role of the major banks, and the changing role of the rating agencies. 
  • The crises of the past vs more recent ones and how globalization and/or contagion has affected the market, including the Eurozone crisis and what can be learned from EM. 
  • Creditors’ rights and rule of law/enforceability of contracts – how have recent cases changed the way we look at this topic? 
  • Tools of crisis resolution in sovereign debt restructurings through international financial architecture, including CACs and the pari passu and creditor engagement clauses. 
  • The Argentina saga; the Eastern Europe impact; the Mexico upgrade vs Brazil downgrade and other LatAm countries; foray into frontier markets. 
  • The Asian debt crisis of 1998 and the impact of recent Chinese measures on Asia today. 
  • Increased volumes in local markets instruments, EM corporates and CDS on EM names…and more 

Registration fee for EMTA Members US$95 / US$695 for non-members. 

Registration for this event has closed.  We look forward to seeing you at a future EMTA event.
If you have questions about this event please contact Aviva Werner (awerner@emta.org).