10th Annual Spanish Funding Conference | afme

10th Annual Spanish Funding Conference

07 Feb 2019 Gran Meliá Fénix Hotel, Madrid


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


Morning workshop registration and refreshments


Morning workshop: Synthetic Securitisation

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

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


Main conference registration and networking breakfast


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


Keynote address



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?

Senior representative, Moody’s Investors Service


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

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



Networking break


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

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


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

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




Networking lunch


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


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?

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


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)

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


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


Networking drinks reception


Conference close