9th Annual Spanish Funding Conference | afme

9th Annual Spanish Funding Conference

08 Feb 2018 Gran Melia Fenix Hotel, Madrid

Agenda

To nominate a speaker, contact James Hodgson at james.hodgson@afme.eu or on +44 (0)20 3828 2695.

08:45

Registration and refreshments

09:30

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

09:40

Morning keynote address: Funding growth in Spain

Keynote speaker: Pablo Zalba Bidegain, Chairman, Instituto de Crédito Oficial (ICO)
Moderator: Richard Hopkin, Managing Director, Head of Fixed Income, Capital Markets, AFME

10:10

Panel discussion: Developments in Spanish markets - ABS issuance, mortgage markets and marketplace lending

  • performance and outlook for the Spanish securitisation market and issuance
  • 2017 overview of the Spanish mortgage market and 2018 forecasts
  • legal challenges in the Spanish mortgage market and marketplace lending
  • financing non-bank lending through securitisation
  • are alternative lenders ready to go to the capital markets via securitisations and is the market prepared?

Moderator: Gordon Kerr, Head of EU Structured Finance Research, DBRS

Panellists:
Aitor Elustondo, Director General, Savia Financiación
Juan David Garcia, Senior Director, Structured Finance, Fitch Ratings
Rocío Sánchez Barrios, Public Policy Director, Spanish Banking Association (AEB)
Julio Soto, Director, Structured Finance, Banco Caminos

10:55

Networking break

11:25

Presentation: The EU securitisation framework - Moving from legislation to implementation and supervision

  • state of play
  • application of the new securitisation framework
  • overview and timelines of the EBA/ESMA mandates

Speaker:
Jana Kovalcikova, Policy Expert, Securitisation and Covered Bonds, European Banking Authority

11.45

Roundtable: Synthetic securitisation – solution for Spanish SMEs?

  • capital relief securitisations
  • cash synthetic securitisations
  • how can STS for synthetics add value to the market?

Moderator: Steve Gandy, ‎Managing Director, Head of Private Debt Mobilisation, Notes and Structuring, ‎Santander Global Corporate Banking

Panellists:
Giuliano Giovannetti, President and CEO, Arch Mortgage Insurance
Pablo Sánchez González, Structured Finance Manager, European Investment Fund

12:15

Panel discussion: Outlook for European securitisation markets

  • impact of the new capital calibrations on securitisation positions
  • outlook for SRT transactions in Spain: tendencies and regulation challenges
  • will the new CRR SEC-IRBA and SEC-SA allow banks to continue doing SRT trades in Spain?
  • impact of the end of TLTRO and QE tapering
  • how will the new securitisation concept under STS CRR framework apply to the Spanish loans market?
  • development of Spanish receivables securitisation market

Moderator: Anna Bak, Associate Director, Securitisation, AFME

Panellists:
Matthew Jones, ‎Commercial Head of EMEA Structured Finance, S&P Global Ratings
Jana Kovalcikova, Policy Expert, Securitisation and Covered Bonds, European Banking Authority
Alexandre Linden, ‎Senior Transactor, Asset Finance and Securitisation, ‎BNP Paribas
Harry Noutsos, Global Head of ABS, ING Bank

13:00

Networking lunch

14:00

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

14:10

Afternoon keynote address: TBC

Keynote speaker: Tajinder Singh, Deputy Secretary General, IOSCO
Moderator: Victoria Webster, Director, Fixed Income, AFME

14.40

Panel discussion: Harmonisation of covered bonds: what implications for the Spanish market?

  • will harmonised covered bonds offer unique benefits?
  • issuer perspectives on harmonisation of covered bonds frameworks
  • can cédulas benefit from a future European framework?
  • investor views on hybridisation of asset classes: what are the differences in risk and return the difference between covered bond, senior preferred, senior non-preferred?
  • synthetic securitisations backing a covered bond programme
  • expanding of covered bonds to include SME loans: SME funding, options and comparisons of methods for financing growth in Spain
  • European Secured Notes: a new tool for Spanish banks to fund SMEs and infrastructure loans?

Panellists:
Gregorio Arranz, Secretary General, Spanish Mortgage Association
Ana Galdo, ‎Associate Director, Structured Finance, Covered Bonds, ‎S&P Global Ratings
Miguel García de Eulate, Head of Treasury and Capital Markets, Caja Rural de Navarra
Agustín Martín, Head of European Credit Research, Banco Bilbao Vizcaya Argentaria (BBVA)

15:25

Networking break

15:50

Presentation: Investing in sustainable finance

Speaker: Julián Romero, Head of Sustainable Bond Group, Banco Bilbao Vizcaya Argentaria (BBVA)

16:10

Roundtable: Evolution of the Spanish NPL market

  • new asset types - RPL and NPL deals
  • Securitisation NPL – experiences in Italy, future for Spain?

Moderator: Gary Simmons, Managing Director, High Yield and Prime Services, AFME

Panellists:
Alberto Barbáchano, Vice President, Senior Credit Officer, EMEA Structured Finance Group, Moody’s Investors Service
Juan Luis Díez Gibson, Deputy Director General of Strategic Analysis and International Financial System, Spanish Treasury

16.40

Closing roundtable: Is political risk now driving markets and the economy?

Moderator: Pablo Portugal, Director, Public Policy and Advocacy, AFME

Panellists:
Jean Naslin, Executive Director Head of Public Affairs, CaixaBank
Raymond Torres,
Director for Macroeconomic and International Analysis, Funcas

17:10

Chair’s closing remarks
Victoria Webster, Director, Fixed Income, AFME

17:15

Networking drinks reception

S&P Global Ratings

S&P Global Ratings