Podcast 6: Impact of the financial crisis on financial modelling – part 1
Wednesday, July 28th, 2010
Financial Modelling Podcast 6 is now available on iTunes.
Click here to download Podcast 6 or stream it from the player at the bottom of the page.
In the first of a two part programme, Hugo Teixeira of West LB gives the background to the financial crisis and how this has affected the modelling of infrastructure and PPP projects. In this podcast we discuss:
- How banks are segmenting the PPP / infrastructure market
- What the impact of the financial crisis has been on lending structures in the sector
- Why are projects taking longer to close and being cancelled more often
- How bank’s credit risk departments have responded
- How the crisis has changed the way banks look at financial modelling
- How financial models should be built to best deal with these new realities
- Why professionally built template models often start out well at the start of a project, but gradually degrade over time
Hugo put together a useful presentation to accompany the podcast.
Download Hugo’s presentation here.
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About Hugo
Hugo focuses on the analysis, structuring, approval, and execution of project, corporate, and acquisition financings for clients in the Infrastructure and Energy sectors globally. Recent experiences include leading the WestLB credit team on the acquisition of Gatwick Airport and the financings of the M25, FSTA as well as the refinancing of Henderson Infrastructure. Hugo is responsible for the WestLB’s Project Finance Cash Flow Modelling Centre of Competence and is also a cash flow modelling trainer.
Hugo joined WestLB from London Underground where he was Senior Manager on the Commercial Finance, Advisor and Risk team where he was involved with the restructuring of Metronet. Prior to this, Hugo worked with the Infrastructure team at PwC in London, in Corporate Finance at BPI and in Wholesale Banking at BES. Hugo is a Chartered Financial Analyst (CFA) and a Chartered Accountant (CTOC) and holds an Economics degree from Oporto University and an MBA from Warwick Business School.
If you would like to comment on any aspect of the podcast, please leave a comment below – we would welcome your observations and feedback.
You can listen the podcast using the player below, or you can subscribe to receive it automatically every time we publish it on iTunes.
It’s really interesting to get a banker’s perspective on what makes a good financial model. I agree that shared standards could be useful but I don’t see how they can work in reality since projects are all different.
[...] of the financial crisis on financial modelling in the infrastructure finance and PPP sector. In the first part, Hugo Teixiera of West LB gave his perspective on the financial crsis and discused the some of the [...]