4.5. Prospects of Syndicated Lending Regulation Development in the Russian Federation

Track: 4. Investments. Finance

Description

Long-term investment loans provided by syndicated lending institutions is an example of modern-day financing with a significant growth potential.

The advantages of such association are risks distribution among several lenders; use of various securities and their centralized management; possibility of tranche funding, flexible funding schedule, etc.

Right now, lack of reliable security mechanism and protection of participant rights is a factor that slows down the development of the banking toolset. In this context, it seems important to codify it.

Development of syndicated lending legislation is affected not just by national economic practices but also by international experience and in particular, the experience in developing the standardized Loan Market Association (LMA) documentation.

The round table proposes to discuss the advantages of syndicated lending, challenges of its development in Russia, international experience of syndicated lending mechanism and federal bill jointly drafted by Russia’s Ministry of Finance and Bank of Russia.

Moderator:

Vasily Pozdyshev

Deputy Governor, Bank of Russia

Speakers:

Andrey Egorov

First Deputy Chairman of the Council, Research Center of Private Law of S.S. Alekseev under the President of the Russian Federation

Roman Fomin

Senior Managing Director, State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)'

Igor Gorchakov

Partner, Allen & Overy

Oleg Ivanov

Vice-president, Association of Regional Banks of Russia

Yury Korsun

Head of Syndicated Lending Department, Sberbank SIB

Olga Zaitseva

Deputy Head of Legal - Head of Division of Banking Legislation, Bank of Russia


*This schedule may be subject to change