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Covered Bond Congress 2024

ECBC

  1. EXHIBITION AREA
    Hosted by: CIBC
  2. EXHIBITION AREA
  3. STREAM I (MAIN ROOM)
  4. STREAM I (MAIN ROOM)
  5. STREAM I (MAIN ROOM)
  6. STREAM I (MAIN ROOM)
  7. STREAM I (MAIN ROOM)
  8. Hosted by: The Association of German Pfandbrief Banks (vdp) (Lunch will be available from 12:30 unti ...
  9. STREAM I (MAIN ROOM)
    After the ‘QE years’, normal service has returned: the market is open, growing and trading. How does ...
  10. STREAM I (MAIN ROOM)
    Difficulties in the commercial real estate market are well documented but are they well understood? ...
  11. STREAM I (MAIN ROOM)
    Initial price talk and pricing are frequently far apart, and bonds are coming through ‘fair value’. ...
  12. STREAM I (MAIN ROOM)
    When Asia truly embraces covered bonds, the implications will be fundamental and the potential is en ...
  13. STREAM II
    Having survived the crisis, southern European issuers but have been largely absent recently, thanks ...
  14. STREAM I (MAIN ROOM)
    ** Sparkling wine will be served during the final panel. Join us then to toast the close of the 2024 ...
  15. Barron's Hall and Gallery, Villa Nova de Gaia
  16. EXHIBITION AREA
  17. ROUNDTABLE STREAM

    Hosted by: LBBW

    • Learnings from 10 years of Green Bond Principles
    • What ESG market dynamics mean to innovators and latecomers
    • Investor view: The must and nice-to-have(s)
    • What is the next big thing for the ESG covered bond market?
  18. ROUNDTABLE STREAM

    Hosted by: Barclays

    • Extendable maturity features
    • Liquidity buffer calculation and disclosure
    • Minimum over-collateralisation levels
    • Labelling - Premium or Ordinary
    • Is further harmonisation required?
  19. ROUNDTABLE STREAM

    14:30 i) Global regulation: perspectives on Basel
    Anna Pinedo, Partner, Co-Leader Global Capital Markets, Mayer Brown

    ii) Commission’s call for advice
    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.

    14:50 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)

    15:10 Article 31(5): ESNs
    Stefano Patruno, Chairman, European Covered Bond Council (ECBC) and Head of Regulatory Impact Assessment, Intesa Sanpaolo

    15:30 Article 31(2): Is the directive working?
    Edward Manchester, Senior Vice President, Structured Finance, Moody’s Ratings

  20. ROUNDTABLE STREAM

    15:50 Third Country Equivalence
    Colin Chen, Managing Director and Global Head Structured Debt Solutions, Global Financial Markets, DBS Bank

    16:10 ESG topics
    Jennifer Johnson, Deputy Secretary General, European Covered Bond Council (ECBC)

    (NB. Article 31(4): Extendible maturities will be covered in a dedicated session during Roundtable 2 at 12.25)
  21. ROUNDTABLE STREAM
    A session to mark the publication of the 2024 ECBC Covered Bond Fact Book. In this session, authors ...
  22. STREAM II

    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
  23. STREAM I (MAIN ROOM)

    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?
  24. STREAM II

    Hosted by: NatWest Markets

    • Implications of the EuGB roll-out on the covered bond market
    • How regional standards are shaping the market 
    • Challenges and opportunities: what’s missing to issue EU GBS covered bonds
    • Case study from an issuer: learnings and investor questions
       
  25. STREAM II

    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)?
  26. STREAM I (MAIN ROOM)

    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?
  27. STREAM II

    Hosted by: RBC Capital Markets

    • 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?