Debashis Dey
Widely recognised as one of the Middle East's leading capital markets lawyers, Debashis helps White & Case's domestic and international clients to execute a spectrum of complex transactions.
His extensive track record, which spans more than 20 years, includes advising investment banks, corporates and governments on capital markets, securitisation and structured finance matters, including Islamic finance sukuk transactions, regulatory capital transactions, commercial and residential mortgages and consumer finance.
Noted for the pioneering dimension to his work, Debashis has led numerous product innovations in both conventional and Islamic finance, including the first covered bond in the US, the first convertible sukuk structure for Aldar PJSC, 'first-time' securitisations in Europe and the Middle East, and convertible and straight debt issues for corporates in the Reg S and Rule 144A markets.
A partner in White & Case's Global Capital Markets Practice, Debashis also offers clients the benefit of his wide-ranging international experience. Qualified in England and Wales, New York, British Columbia and Ontario, he has executed deals in and across jurisdictions in the GCC (UAE, Qatar, Saudi Arabia), Europe, the US and Asia.
Practice Area
Panel
- Contributing Author
Education
- BA, Political Science, University of Western Ontario
- LLB, Osgoode Hall Law School, York University, Toronto
1 Contributions by Debashis Dey
PRACTICE NOTES
Sustainable securitisation: asset classes, legal structuring and regulatory landscape for green CLOs, ABS and MBS
The sustainable finance market has seen explosive growth in select product segments over the past five years. Annual green bond issuance, for instance, topped US$500bn in 2021, and environmental resilience is becoming an increasingly significant driver of investment choices worldwide. Yet the Organisation for Economic Co-operation and Development (OECD) estimates that US$6.9tn a year will be needed through 2050 to fund infrastructure that achieves development goals and delivers a low-carbon, climate-resilient future. If nothing changes, current market finance will fall far short in both scale and approach.
One clear but transformative answer is to pool and amplify sustainable assets via sustainable securitisation. For this to be workable, a critical pipeline of sustainable finance assets across multiple classes must be available in the market. Sustainable securitisation can concurrently offer institutional investors access to sustainable assets while easing pressure on bank balance sheets. At present, most infrastructure schemes depend on bank loans, yet alternative funding sources are essential because the US$90tn needed for global sustainable infrastructure cannot be provided by banks alone. Further, many sustainable investments...
Banking & Finance
If you expected to see yourself on this page, click here.
