Starting tomorrow it’s ABS Vegas – the very first national convention put on by the Structured Finance Industry Group — and HousingWire will be your guide if you’re attending and your recap if you’re not.
ABS Vegas, being held at The Cosmopolitan of Las Vegas starting Jan. 21-24, has more than 140 sponsors and 5,000 attendees registered. SFIG, which was formed when it broke off from ASF just last year, hopes ABS Vegas will become the securitization industry’s marquee winter gathering.
SFIG is looking to make its mark in the industry, and provide a name for itself in presenting this conference. In order to be successfull they will need to kill it on several key issues. Here are the 6 must-dos at the conference that will attempt to do just that. For the full conference agenda, please visit here.
1) Let's get somewhere with much-needed GSE reform
Senior government and private sector representatives will discuss the key material issues that arise when considering how to reform federal housing finance policy and Fannie Mae and Freddie Mac. Such issues include, for example, risk sharing, systemic risk, guarantee fee structuring and pricing, preservation of the TBA market, transition management, and other issues. Will we finally get some action on the GSE front?
2) What’s the magic formula for bringing back private money?
What will be necessary to bring back the PLS market for RMBS in necessary volume after the GSEs are reformed? Litigation; how must it be ended to let the new market prosper? Reps and warranties and other documentation or dispute resolution issues.
3) Housing finance reform updates are stacked
Housing finance reform updates are stacked. Wednesday morning there’s a "state of the state" kind of outlook that shouldn’t be missed as it is the first full day. Following that we’d all like to know what direction "housing reform" will take, especially under the reign of new FHFA director Mel Watt. The whole universe of regulatory policy gets a look. Two panels will look to get a grip on Housing 2014.
4) Woo-hoo! Macroeconomic outlook
"I don’t miss macro global overviews.” That was actually said aloud in our newsroom moments ago. So guess what? We won’t. There is the review and outlook on key housing and other major economic indicators. Effect of Fed's tapering on the economic recovery rate. Rising interest rates and their impact on consumer spending/saving. Healthcare costs and impact of reforms on the individual consumer. Impact of ongoing debt issues for European Union countriesImpact of the bipartisan Budget deal on the economy.
5) Insight into Volcker rule
Prudential financial regulators approved the final Volcker Rule back in December, creating a new regulatory construct that essentially imposes limits on large banks engaged in proprietary investment activities. Some say it will destroy job creation.
6) Kill it on Keynotes
Another morning, another outlook from a 50,000 feet in first class. In one keynote address,Chris Cox, Former Chairman, the U.S. Securities and Exchange Commission, will describe the latest workings of Congress, the SEC, and other agencies in the area of securitizations, and examine trends that can help market participants anticipate future legislative and regulatory developments. Attendence to this will determine the overall success of the conference. If no one attends the keynotes, the conference as a whole will feel like a failure.