The panel will be moderated by Rich Wasserman of law firm Day, Berry & Howard, LLP, who has represented investor interests in the past. Also speaking will be Jim Callahan, executive director of
Additionally, the panel will include Moody's senior vice president Claire Robinson, who authored a report in February that declared Moody's would incorporate the trustee into its ratings methodology and could, potentially, downgrade a bond based on trustee behavior - raising the current questions. Debt tracker Fitch will be represented by managing director Kevin Duignan, who compares the trustee's role to that of an "airbag in a car accident," argued that the seller/servicer greatly overshadows any risks presented by the trustee.
"The focus of the discussion will be on the trustees," said Wasserman, "their roles both prior to and after a workout period and into default and what ways we as a market can improve the situation," he added.
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