BCCM Mutual Capital Leadership Symposium

The Federal Parliament has just passed landmark legislation for member-owned businesses and mutuals. These are the first amendments to the Corporations Act for 18 years that relate to federally regulated mutuals such as customer-owned banks, mutual insurers and mutual companies limited by guarantee.

New legislation opens opportunities for mutual businesses to grow through access to investment capital.

Designed for treasury teams, senior executives, the investment community and industry practitioners, it brings together the key players who were involved in developing this new law with leaders from mutual sector businesses.

20 keynote speakers explain:

•    what Mutual Capital Instruments are, and how they can be issued
•    the new legal framework for mutual entities
•    how this will impact your firm’s constitution
•    opportunities and challenges for new wholesale and retail markets
•    the impact on regulation from ASIC & APRA

Limited to 100 places. 

Speakers

• Greg Hammond OAM, Independent Facilitator, Hammond Review
• Peter Hunt, Managing Partner, Mutuo
• Claire LaBouchardiere, Senior Executive Leader, Corporations, ASIC
• Pat Brennan, Executive General Manager, Policy and Advice Division, APRA
• Jo Dodd, Partner, King & Wood Mallesons
• Daniel Yu, Vice President-Senior Analyst, Moody’s Financial Institution Group
• Paul Williams, CFO, Heritage Bank
• Tim McEwen, Partner, Herbert Smith Freehills
• Adam Vise, Acting GM Strategy and Group Treasurer, Australian Unity
• Matt Price, Director, Financial Institutions Group, National Australia Bank
• Geoff Yiu, Partner, Deals, Tax and Legal, KPMG
• Len Stone, Treasurer, CUA
• Lisa Barrett, Associate Director, Financial Institution Ratings, S & P Global
• Lysa McKenna, CEO, Corporate Markets, Asia Pacific, Link Group
• Michael Cluskey, Executive Director – Investment Banking, Goldman Sachs
• Dr John Hewson AM
• Melina Morrison, CEO, BCCM
• Enrico Musso, Executive Director, Capital Markets, UBS

Event Details

When: Wednesday, 26 June 2019, 10 am – 4.30 pm

Where: Sheraton Grand – Sydney Hyde Park, 161 Elizabeth Street, Sydney

Early Bird BCCM Member Ticket Price: $1,990 + GST (saving you $220)

Early Bird Non Members Ticket Price: $2,659.05 + GST (saving you $330.95)

Ticket sales closed

Program at a glance*

Welcome

Melina Morrison, CEO, BCCM

Raising capital in mutuals – Australian perspective

Greg Hammond OAM, Independent Facilitator, Hammond Review

Greg Hammond conducted a review of this and other policy recommendations for the Government, ultimately leading to this new legislation. Mr Hammond will also speak from his experience working as a leading legal advisor to mutuals over many years, including efforts to raise capital.

Raising capital in mutuals – International perspective

Peter Hunt, Managing Partner, Mutuo

Peter Hunt co-ordinated the industry strategy to achieve the legislation. He will give an insight into similar initiatives in other countries, leading to the successful raising of new capital for mutual businesses.

The Legal Framework – Constitutional and other legal changes related to the Mutual Reforms Act

Tim McEwen, Partner, Herbert Smith Freehills and Jo Dodd, Partner, King & Wood Mallesons

Leading mutual sector lawyers, Tim McEwen and Jo Dodd, will help firms to understand the implications of the Mutual Reforms Act. They will outline the impact the law will have on individual constitutions, and how firms may wish to take advantage of new opportunities.

The Regulatory landscape for financial mutuals – APRA

Pat Brennan, Executive General Manager, Policy and Advice Division, APRA

Regulated financial services mutuals will understand the important nexus between legislation and regulation. A senior APRA representative working with mutual banks and credit unions, will outline the key issues that APRA sees raised by the passage of the Mutual Reforms Act.

Preparing Mutual Capital Instruments for the wholesale market

Len Stone, Treasurer, CUA, Enrico Musso, Executive Director, Capital Markets, UBS, Adam Vise, Group Treasurer, Australian Unity, Lisa Barrett, Associate Director, Financial Institution Ratings, S & P Global and Lysa McKenna, CEO, Corporate Markets, Asia Pacific, Link Group

CUA’s Len Stone, UBS’s Barry Sharkey and others will discuss what firms will need to think about when considering the potential for an issuance of mutual capital instruments to the wholesale investment market.

Preparing Mutual Capital Instruments for the retail market

Paul Williams, CFO, Heritage Bank, Matt Price, Director, Financial Institutions Group, National Australia Bank, Geoffrey Yiu, Partner, KPMG, Michael Cluskey, Executive Director – Investment Banking, Goldman Sachs, and Daniel Yu, Vice President-Senior Analyst, Moody’s Financial Institution Group

Heritage Bank’s Paul Williams will lead a discussion on the questions involved for firms considering preparations for an issuance of mutual capital instruments to the retail investment market.

The Regulatory environment for Federal Mutuals

Claire LaBouchardiere, Senior Executive Leader, Corporations, ASIC

Now the Corporations Act has been altered, what is ASIC’s approach to mutuals? In particular, how does ASIC regulate fundraising to retail investors?

Closing Remarks

Dr John Hewson AM

*Program subject to change. More speakers to be announced.