Besten Dank an die FT für dieses Meisterwerk an Sarkasmus.SIVs, junk and rock n’ roll: Global ABCP summit ‘07. Der Zeitpunkt könnte kaum besser sein.... Nach den "Vorkommnissen" der letzten Wochen dürfte dort ne klasse Stimmung herrschen. Ich empfehle zur weiteren Aufheiterung die Manager von IKB , Landesbank Sachsen und Barclays als Hauptredner einzuladen..... ;-) Ever been to One Of Those Parties? You know, the ones more like a wake than the raucous brannigan the shiny invitation promised.
No? Then why not pop along to the 2007 Global ABCP & SIV summit, the [former] glittering jewel in the crown of the financial alchemy party circuit.
This year’s conference has had an “amazing response” say its narcotized organisers, and numbers should be “good”.
As long as everyone can manage to hold down their jobs for another couple of weeks that is.
.....dug out by FT Alphaville are some “notable quotables” from a few months back they might live to regret:
And FT Alphaville’s favourite:
The asset-backed ECP market has now evolved to a primary, stand-alone funding source for the biggest asset backed market players. IMN’s Paris conference brings together the players and the source in a unique two-day interface designed to take advantage of the latest evelopments- Tony M. Gioulis, Head of Securitization UK/Europe, NABCapital
The growth of the European ABCP market is likely to further accelerate significantly in 2008. In addition to the underlying economic conditions, I see recent legal and regulatory developments as positive for this market. We will explore these often complex factors at the Global ABCP and SIVs conference this September. I expect some lively discussion there.- Omar Bolli, Senior Vice President, Head of Asset Backed Finance, Norddeutsche Landesbank Girozentrale
In an environment plagued by subprime related volatility, SIV’s represent a relatively safe haven of stable risk adjusted returns facilitated by structural protections designed to withstand and effectively respond to market vagaries.- Kumar Tangri, Principal, Eiger Capital
To quote Jeff Matthews "I´m not making this up"