8th Annual Spanish Funding Conference | afme

8th Annual Spanish Funding Conference

02 Feb 2017 Gran Melia Fenix Hotel, Madrid

Agenda

Conference materials:

  • Morning keynote address. Download the presentation here by Jonás Fernández Alvarez MEP
  • Afternoon keynote address. Download the presentation here by Massimiliano Rimarchi, EBA
  • Panel 3 - SME funding. Download the presentation here by Jorge Yzaguirre, BME
  • Panel 1 - STS & CRR. Download the presentation here by Anna Bak, AFME
09:00

Conference registration and refreshments

09:45

Morning chair’s opening remarks
Richard Hopkin, Managing Director, Head of Fixed Income, Capital Markets, AFME

 

09:50

Morning keynote address: Implications of the new securitisation market regulations

Keynote speaker:
Jonás Fernández Álvarez MEP, Progressive Alliance of Socialists and Democrats, European Parliament

Moderator:
Richard Hopkin, Managing Director, Head of Fixed Income, Capital Markets, AFME

10:40

Panel 1 – Are the objectives of CMU truly delivered through STS and CRR

  • industry expectations for ABS market following ECON and parliamentary proposals
  • what will be the impact on investor appetite for ABS?
  • does the STS & CRR package allow easy cross border transaction?
  • SRT transactions as a new use of securitisation in Spain with Basel one year away, is the market prepared and will STS and CRR be ready
  • in time?
  • what are the main areas of improvement for the European ABS market on which the STS reform should focus?

Moderator:
Steve Gandy, Managing Director, Head of ARCO Notes and Structuring, Santander Global Banking and Markets

Panellists:
Anna Bak, Manager, Securitisation, AFME
Gordon Kerr, Head of European Structured Finance Research, DBRS
Harry Noutsos, Global Head of ABS, ING Bank
Massimiliano Rimarchi, Policy Expert, Credit Market and Operational Risk, European Banking Authority

11:30

Networking break and refreshments

12:00

Panel 2 –  Spanish markets outlook – developments in ABS issuance, mortgage market and marketplace lending

  • what would it take for the Spanish ABS market to return to a more meaningful public issuance size?
  • when will we see the impact of latest changes to Spanish securitisation law?
  • securitisation of NPLs and restructured / re-performing loans
  • outlook for the mortgage market in Spain – will the positive trend continue
  • will we see the introduction of a new asset class?

Moderator:
José Antonio Trujillo, Chief Executive Officer, InterMoney Titulización

Panellists:
Gregorio Arranz, Secretary General, Spanish Mortgage Association
Juan David García, Senior Director, Structured Finance, Fitch Ratings
Sergio Morales Arruga, Executive Director, Active Credit Portfolio Management, Banco Santander
Pablo Sánchez, Structured Finance Manager, European Investment Fund

12:50

Panel 3 –  SME funding, options and comparisons of methods for financing growth in Spain  

 

  • Spanish SME access to bank finance – measurements and comparisons in a European context
  • will we continue to see increased activity of synthetic securitisaiton in Spain?
  • is there a life beyond ECB funding and are all alternatives being fully explored?
  • growth in non-bank and alternative finances in Spain
  • opportunities for P2P for SMEs in the Spanish market
  • comparisons in cost, flexibility and spreads

Moderator:
Jose Ramon Lopez, Relationship Manager, Corporate Banking, Bankia

Panellists:
Daniel Herrero, Founding Partner, Oquendo Capital
Luis Mozos, Vice President, Senior Credit Officer, Moody’s
Jorge Yzaguirre, Markets Director, Equities, Fixed Income and Derivatives, Bolsas y Mercados Españoles (BME)

13:40

Networking lunch

14:40

Afternoon chair’s opening remarks
Victoria Webster, Director, Fixed Income, AFME

14:45

Afternoon keynote address: Updates on EBA programmes on securitisation and covered bonds

Keynote speaker:
Massimiliano Rimarchi, Policy Expert, Credit Market and Operational Risk, European Banking Authority

Moderator:
Victoria Webster, Director, Fixed Income, AFME

15:25

Panel 4 –  European covered bonds harmonisation and CBPP3 - Implications for Spain

  • industry reaction to the EBA recommendations on covered bond harmonisation
  • analysis of alignment of national covered bonds frameworks
  • where are the major differences between the proposed harmonisation guidelines and the Spanish cédulas framework?
  • outlook for next phase of the EBC’s third covered bond purchase programme
  • what will be the impact on spread levels of a CBPP3 tapering?
  • will favourable treatment of covered bonds in regulation and monetary policy continue

Moderator:
Neil Day, Managing Editor, The Covered Bond Report

Panellists:
Miguel Garcia de Eulate, Head of Treasury and Capital Markets, Caja Rural de Navarra
Agustín Martin, Head of European Credit Research, BBVA
Luis Merino, Head of Financials and Structured Finance, Caixabank Asset Management
Pablo Sinausia, Senior Economist, Bank of Spain

16:15

Networking break and refreshments

16:45

Panel 5 –  The future of capital markets union in an uncertain Europe

  • what positives will capital markets union deliver for Spain
  • key hurdles that remain – has enough progress been made?
  • what should the Commission prioritise in the mid-term review of CMU in 2017
  • potential consequences of Brexit on the CMU programme

Moderator:
Pablo Portugal, Director, Advocacy, AFME

Panellists:
Ángel Martínez-Aldama, President, INVERCO
Jean Naslin, Executive Director, Head of Public Affairs, CaixaBank
Juan Manuel Santos-Suárez, Member of the Board, CNMV

 

17:35

Afternoon chair’s closing remarks
Victoria Webster, Director, Fixed Income, AFME

17:40

Networking drinks reception