10th Annual Spanish Funding Conference | afme

10th Annual Spanish Funding Conference

07 Feb 2019 Gran Meliá Fénix Hotel, Madrid

Agenda

For speaker opportunities, plese contact Ana Ballarin at ana.ballarin@afme.eu or on +44 (0)20 3828 2685.

08:30

Morning workshop registration and refreshments

09:00

Morning workshop: Synthetic Securitisation

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

Speaker:
Juan Carlos Martorell, MD, Co-Head of Structured Solutions, Mizuho International

09:45

Main conference registration and networking breakfast

10:30

Morning chair’s opening remarks
Anna Bak, Associate Director, Securitisation, AFME

10:40

Keynote address

 

11:10

Panel discussion: Credit and Structuring Developments in Spanish Securitisation – How did 2018 Pan Out and What Can We Expect for the Coming Year?

  • what have been the main credit trends? What more can we expect?
  • STS securitisation: implementation timeline
  • which STS criteria will be most challenging? An overview on the new data template, transparency and due diligence requirements
  • how do market players adapt to the new capital rules and decision tree between SEC-IRBA, SEC-SA and SEC-ERBA?

Speaker:
Senior representative, Moody’s Investors Service

11:50

Roundtable: Transition from Euribor to Risk Free Rates

  • state of play
  • fall back clauses in contracts
  • issues affecting the Spanish mortgage market, consumer protection
  • legal considerations in Spain

Speakers:
Gregorio Arranz, Secretary General, Spanish Mortgage Association 
Ignacio Estruga
, Associate Director, S&P Global Ratings
Mikael Stenström, Senior Adviser, European Central Bank (ECB)

 

12:30

Networking break

13:00

Roundtable: Latest Trends on the Spanish NPL Market

  • evolution of the Spanish NPL market and comparison with its European peers
  • mortgage-secured vs SMEs’ debt-based NPLs
  • has there been an acceleration in the sale of NPLs?
  • new players in the market

Moderator: Alessia Pirolo, Head of NPL Coverage, Debtwire

Speaker:
María López Iparraguirre, Vice President, Analyst, Global Structure Finance, DBRS Ratings

13:40

Panel discussion: Alternative Funding in Spain

  • the end of the ECB’s bond-buying scheme. What will be used to replace this source of funding?
  • new financing instruments for SMEs: Project Bonds, Mini Bonds and Commercial Papers
  • P2P lending and crowdfunding as new financing sources

Speakers:
Juan David García Restrepo, Structured Finance and Covered Bonds, Senior Director, Fitch Ratings
Miguel de Noronha, DCM Project Bond Team, Santander

 

 

14:30

Networking lunch

15:30

Afternoon chair’s opening remarks
Richard Hopkin, Managing Director, Head of Fixed Income, AFME

15:40

Panel discussion: Sustainable Finance

  • why go green? Benefits for issuers and investors
  • green bonds: what is an eligible project?
  • Socially Responsible Investing (SRI) and ESG’s criteria
  • the new European Commission’s action plan on sustainable finance: legislative proposals and TEG’s state of play
  • what does the EC’s initiative mean for the capital markets?

Speakers:
Antoni Ballabriga, Global Head of Responsible Business, BBVA
Corinne Bendersky, Associate Director, Sustainable Finance, S&P Global Ratings
Miguel García de Eulate, Head of Treasury and Capital Markets, Caja Rural de Navarra

16:20

Panel discussion: FinTech and Innovation in the Spanish Capital Markets

  • the evolution of capital markets: why, what and how
  • the use of tokenised securities in debt capital markets
  • applying blockchain in securitisation: risks and uncertainty
  • MTFs under MiFID II financial reforms

Moderator:  Martín Huete, Vice Chairman, AEFI (Fintech and Insurtech Spanish Association)

Speaker:
John Whelan, MD and Head of Digital Investment Banking, Santander

17:00

Afternoon chair’s closing remarks
Richard Hopkin, Managing Director, Head of Fixed Income, AFME

17:10

Networking drinks reception

18:30

Conference close