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2024 Agenda

 

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09:00
  1. STREAM I (MAIN ROOM)
    15 mins
09:40
  1. STREAM I (MAIN ROOM)
    20 mins
10:00
  1. STREAM I (MAIN ROOM)
    50 mins
    After the ‘QE years’, normal service has returned: the market is open, growing and trading. How does it differ from the market we left behind? Are we in denial of the potential problems? Is €200bn per ...
10:50
  1. EXHIBITION AREA
    30 mins
11:20
  1. STREAM I (MAIN ROOM)
    15 mins
11:35
  1. STREAM I (MAIN ROOM)
    45 mins
    Difficulties in the commercial real estate market are well documented but are they well understood? Not as bad as we fear, not as good as we hope - where are we in the CRE crisis? Cover pools are safe ...
  2. STREAM II
    45 mins

    Hosted by: Natixis

    • Overview of housing market and financing needs
    • Funding strategy: covereds vs senior and other alternatives
    • Currency decisions: euros or dollars vs alternative currencies
    • Investor perspectives
  3. ROUNDTABLE STREAM
    45 mins

    Hosted by: LBBW

12:25
  1. STREAM I (MAIN ROOM)
    45 mins

    Hosted by: Moody’s Ratings

    • How does the state of CRE in Europe compare to that in the US?
    • Moody’s models have predicted an increasing trend in CRE property value haircuts since 2014 - insights into our engine room.
    • The other side of the coin – what’s the cost of covered bond investor protection from an issuer perspective?
  2. STREAM II
    45 mins

    Hosted by: NatWest Markets

  3. ROUNDTABLE STREAM
    45 mins

    Hosted by: Barclays

13:10
  1. 60 mins
14:10
  1. STREAM I (MAIN ROOM)
    15 mins
14:30
  1. STREAM I (MAIN ROOM)
    45 mins
    Initial price talk and pricing are frequently far apart, and bonds are coming through ‘fair value’. What has changed in the covered bond market and how should issuers price their bonds now? Is seconda ...
  2. STREAM II
    45 mins

    Hosted by: Crédit Agricole CIB

    • How have new investors and new spread drivers shaped demand?
    • Why have bank treasuries been less active this year?
    • Could CRR 3 implementation change demand from 2025?
    • What is the risk that credit buyers return to their prior habitats?
    • Will we ever see more insurance demand again (or has it already happened underneath the surface)?
  3. ROUNDTABLE STREAM
    45 mins

    Commission has asked the EBA for advice on Directive Article 31 - the Reviews and Reports. In this session, we will address the various aspects of this, in a dedicated ‘rolling conversation’. Attendees are welcome to drop in at any time throughout this extended session.

    14:30 Introduction – Process
    How the EBA is answering the discussion and what inputs authorities, industry and other stakeholders have
    Luca Bertalot, Secretary General, European Covered Bond Council (ECBC

    14:55 Article 31(2): Is the directive working?
    Edward Manchester, Senior Vice President, Structured Finance, Moody’s Ratings

    15:15 Article 31(5): ESNs

15:15
  1. EXHIBITION AREA
    25 mins
15:40
  1. STREAM I (MAIN ROOM)
    50 mins

    Hosted by: DZ BANK

    • Where do different countries stand in the mortgage loan circle?
    • What are the key driving factors for mortgage loan growth?
    • How important will energy-efficiency improvements be for future mortgage loan production?
    • What is the role of banks in this field?
  2. STREAM II
    50 mins

    Hosted by: RBC

    • What drives bank treasury activity within covered bonds?
    • What changes in the regulatory landscape might adjust investor behaviour in the future?
    • How should liquidity of instruments be improved by the market?
    • Do bank treasuries get the treatment they should from issuers?
    • How much does an ESG investment lens apply versus other bond metrics in portfolio composition?
    • How do multi-currency portfolios assess respective currency markets and their differing characteristics? 
  3. ROUNDTABLE STREAM
    50 mins

    15:35 Third Country Equivalence
    Colin Chen, Managing Director and Global Head Structured Debt Solutions, Global Financial Markets, DBS Bank

    15:55 ESG topics

    (NB. Article 31(4): Extendible maturities will be covered in a dedicated session during Roundtable 2 at 12.25)
16:30
  1. STREAM I (MAIN ROOM)
    45 mins
    When Asia truly embraces covered bonds, the implications will be fundamental and the potential is enormous. Are recent market developments a sign of what’s to come? Japan: from niche to mainstream? No ...
  2. STREAM II
    45 mins
    Having survived the crisis, southern European issuers but have been largely absent recently, thanks to the ECB. Are the once vibrant covered bond markets of southern Europe returning? How will it diff ...
  3. ROUNDTABLE STREAM
    45 mins
17:15
  1. STREAM I (MAIN ROOM)
    45 mins
    As yields rise, new types of investors are returning to, or entering the covered bond market for the first time. Who are they, how do they differ - and do they view credit, fair value and market dynam ...
18:00
  1. 5 mins