Recorded March 22, 2011

90 minutes

Free

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Overview

The European banking industry continues to face a host of challenges, including continued economic headwinds in a variety of EU countries, not to mention an ever-changing regulatory landscape (pending adoption of Basel III) and a mixed earnings environment.

In addition, continuing threats to sluggish economies, sovereign debt uncertainty and weak loan demand further cloud the outlook for 2011 and beyond. And yet, there is optimism that healthier balance sheets, declining credit costs and an uptick in consolidation will position the sector for growth and profitability as it emerges from this cycle.

A roundtable of top banking experts looks at both the challenges and opportunities in the European banking sector this year – with a focus on regulatory, earnings and M&A dynamics.

Get the insight you need to make more informed investment, operating and advisory decisions.

Agenda

Jan Putnis – Partner, Slaughter and May

Andrew Stimpson – VP, Sector Strategist, Keefe, Bruyette, & Woods Ltd.

Thierry Marais – Managing Director, Head of Banking Sector, BNP Paribas Corporate Finance

Learning Objectives

Panelists

Thierry Marais – Managing Director, Head of FIG, BNP Paribas Corporate Finance

Thierry has been with BNP Paribas for over 10 years and in the M&A industry for over 20 years. Thierry heads an international team of FIG specialists based in major financial centers in Europe and Asia both for M&A and equity capital market transactions (IPO, rights issues, convertibles, ABB) on behalf of banking, insurance and asset management players.

He has also been involved in all the landmark transactions achieved by BNP Paribas group in the past years and more particularly the acquisition of Fortis in Belgium and BNL in Italy. Other advised recent transactions include the NYSE Euronext Deutsche Börse ongoing merger, the creation of BPCE in France and ICBC rights issue. Thierry graduated from Rouen Business School and is member of the French Society of Financial Analysts.

Jan Putnis – Partner, Slaughter and May LLP

Jan’s practice focuses on financial regulation, with particular emphasis on corporate and commercial transactions. As a partner in Slaughter and May’s Financial Regulation group, Jan acts for a broad range of financial institutions, including banks, insurance groups and asset managers, on regulatory matters and investigations, cross-border and domestic mergers and acquisitions and on outsourcings.

His work involves extensive advice on regulatory capital and on capital structures of new businesses as well as capital structures to facilitate acquisitions. Jan is accustomed to presenting large projects to the FSA and to acting for clients seeking FSA authorisations and approvals. He has led the financial regulatory work on major transactions such as Standard Chartered Bank’s acquisition and integration of American Express Bank in the UK and a large number of other jurisdictions, and transactions for Santander, Prudential, Legal & General, Aviva, Canada Life, and AXA UK.

Andrew Stimpson – VP, Sector Strategist, Keefe, Bruyette, & Woods Ltd.

Andrew Stimpson has been with Keefe, Bruyette & Woods for over five years and currently covers top-down strategic research for the European banks team, marrying both top-down views and bottom-up research into a single product. Andy’s more recent research has covered the new Basel rules, EU stress testing, the developments of the funding markets for both banks and sovereigns as well as considering the political environment which has complicated fundamental analysis on Euro-zone banks for over a year.

In the past, Andy has also worked closely with the IMF on the Global Financial Stability Report. Andy graduated from the University of Brighton with a first class honours degree in International Finance and Capital Market Studies.

Jagoba Garcia, CFA (moderator) – Director, European Financial Institutions
SNL Financial

Prior to becoming Director of European Banks at SNL Financial, Jagoba covered European banks as a sell side equity analyst for Fox-Pitt, Kelton, BNP Paribas and Exane BNP Paribas. In addition, his background includes positions as internal strategy consultant at BBVA and macroeconomic analyst at Merrill Lynch.

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