Virtual Event

 

23 - 24 November 2020

25+ Speakers

Leading figures in the Risk Transfer Sector

Register to secure your place today

SCI's 6th Annual Capital Relief Trades Seminar is going virtual for 2020

Event Hubb will go live at 11:00 AM GMT. Registrants will be able to connect with sponsoring firms, view exhibits as well as connect and meet with fellow attendees.

Introduction

Join SCI for the 6th Annual Capital Relief Trades Seminar

European policymaker support for balance sheet synthetic securitisation solidified post-coronavirus, as the utility of the instrument for boosting economic recovery became clear. So far this year, the EBA published its paper on STS for synthetics, the High Level Forum issued its Capital Markets Union recommendations - which include proposals to facilitate significant risk transfer – and the European Commission adopted a 'quick fix' that reduces capital requirements for senior tranches of STS synthetic securitisations. SCI's Capital Relief Trades Seminar will explore the impact of these developments, as well as the latest trends and activity across the sector.

Registration is now open


SCI subscribers will offered a 20% discount on all single tickets.

To get your discount code please email David Zaher: dz@structuredcreditinvestor.com

Delegate rates:
Please choose your ticket by clicking on one of the options from the list below before registering.

Cost per Delegate

MOST POPULAR
live only: single ticketlive + on demand: single ticketlive + on demand: multi ticketlive + on demand: multi ticket
September (save 20%)£468£558£335£223
October (save 10%)£527£627£376£251
November£585£697£418£279
5 passes save 40%10 passes save 60%

Lead Sponsor

Platinum Sponsor

Gold Sponsor

Bronze Sponsors

Schedule

  • 23 November
  • 24 November

Speakers

Registration is now open


SCI subscribers will offered a 20% discount on all single tickets.

To get your discount code please email David Zaher: dz@structuredcreditinvestor.com

Delegate rates:
Please choose your ticket by clicking on one of the options from the list below before registering.

Cost per Delegate

MOST POPULAR
live only: single ticketlive + on demand: single ticketlive + on demand: multi ticketlive + on demand: multi ticket
September (save 20%)£468£558£335£223
October (save 10%)£527£627£376£251
November£585£697£418£279
5 passes save 40%10 passes save 60%

Alan Ball

Broker
Texel
Alan Ball, Texel Finance Limited

As a broker at Texel Finance Limited, Alan focuses on working with financial institutions and corporates in arranging and structuring insurance-based solutions for a range of structured credit and regulatory capital driven transactions. Prior to joining Texel Finance, Alan was a Senior Underwriter for Liberty Specialty Markets, where he led the Structured Risk Solutions team. Alan has structured and underwritten a number of innovative and bespoke forms of insurance cover to provide credit risk mitigation, regulatory capital and other benefits to clients. The underlying exposures covered by these insurance policies have included structured loan portfolios, specialist lending exposures, securities financing exposures and alternative assets including portfolios of private equity assets, CLOs and other structured finance exposures.
Prior to joining the insurance market, Alan was a practising corporate lawyer for 9 years, training and qualifying at Slaughter and May. During his time as a lawyer, Alan advised financial institutions, private equity clients and large corporates on a broad range of matters including M&A and ECM transactions, corporate restructurings and structured finance transactions.

23 November

Molly Whitehouse

Director & Portfolio Manager
Newmarket
Ms. Whitehouse serves as a Director and is a founding member of Newmarket. In addition, she serves as Portfolio Manager for IIFC III. Her primary responsibilities are related to the origination, structuring, and management of investments. Prior to founding Newmarket, Ms. Whitehouse served as a Director at Mariner Investment Group. She has led the origination and structuring for multiple IIFC investments and is a frequent speaker at various industry conferences. Prior to launching IIFC, Ms. Whitehouse served as an Analyst at Cohen & Company and completed the White House Internship Program. In 2019, Private Debt Investor named Ms. Whitehouse one if its “Rising Stars.” Ms. Whitehouse earned her BA in Political Science with Honors from Yale University in 2011 and her Masters of Liberal Arts with a focus in Sustainable Development from the University of Pennsylvania in 2018, where the topic of her master’s thesis explored capital management practices at multi-lateral development banks.

24 November

Pascale Olivie

Director
Societe Generale
Pascale joined SG early 2019 and is today in charge of developing regulatory capital optimization & de-risking solutions for FIs. In 2019, she executed two CRT trades for approximately 7 bn€ securitized portfolio.
Prior to joining SG, she worked 12 years at CACIB, firstly within the Securitization team and then within the CPM team where she was responsible for the structuring and management of regcap and secured funding deals for own account ; she built there a solid track record of synthetic securitizations deals and bespoke risk transfer transactions: 14bn€ securitized portfolio since 2014, covering a wide range of asset classes (incl. corporate assets, trade finance & emerging assets, Project/asset finance, capital calls) under Notes format and bilateral financial guarantee ; with some recent landmark transactions: first Green Capital Notes backed by a $ 3bn of Structured Finance portfolio (2017); synthetic securitization of a 3bn€ corporate assets portfolio with EIB Group within Juncker Plan (2017); synthetic securitization of a 2bn$ trade finance & emerging assets portfolio with IFC with reallocation on Social Emerging assets (2018).
Pascale graduated from the Ecole Nationale de la Statistique et de l’Administration Economique (ENSAE, Paris)

24 November

Kaelyn Abrell

Partner, Portfolio Manager
ArrowMark Partners
Kaelyn Abrell | Partner, Portfolio Manager

Kaelyn is a Partner and Portfolio Manager for ArrowMark Partners. A core member of the ArrowMark team since the firm’s inception, Kaelyn leads ArrowMark’s fixed income efforts in securitized products and has spearheaded the regulatory capital relief strategy since 2010. Kaelyn was also the lead analyst for the firm’s participation in the Term Asset-Backed Securities Loan Facility (“TALF”) program. Prior to joining ArrowMark Partners in 2008, she was an analyst at Janus Capital Group where her areas of focus included residential and commercial mortgage-backed securities, asset-backed securities, and interest rates (2004-2008). Previously, Kaelyn worked at Great-West Life where she was Assistant Portfolio Manager of $5.5 billion in separate account, general account and total return assets with a focus on high quality fixed income securities (1998-2004). Kaelyn graduated from Illinois State University with a bachelor’s degree in Economics and earned an MBA from Indiana University.

24 November

Daniela Francovicchio

Senior Structured Finance Manager
European Investment Fund

24 November

Mascha Canio

Head of Credit & Insurance Linked Investments
PGGM
Mascha Canio has been with PGGM since January 2006 and is currently the Head of Credit & Insurance Linked Investments. She has almost three decades of wide-ranging experience in portfolio management covering credit, fixed income, private equity, infrastructure and reinsurance. Mascha is a specialist in credit risk, emerging markets and securitisations. Her previous roles include portfolio manager at Shell Pension Fund and head of Octagon Credit Investors’ London office.

Fiona Walden

Senior Vice President and Global Head of Credit
RenaissanceRe
With more than 15 years of experience in structuring, advising and working on financial transactions, Fiona Walden is SVP and Global Head of Credit. She joined RenaissanceRe in 2018 and specializes in the use of insurance for capital solutions, bank capital, mortgage insurance and strategic risks. She is based in Bermuda.

Previously, Ms. Walden was Co-head of the Strategic Capital Products team at Liberty Specialty Markets. Prior to this, she worked at Willis as Deputy Head of Structured Finance, a position she held from 2010 to 2015. Ms. Walden also has experience as a Managing Associate at the law firm Linklaters where she specialized in tax law.

She has a Bachelor of Arts degree in Jurisprudence from Pembroke College, Oxford University, and an LPC from BPP Law School, London. In addition, Ms. Walden holds the Chartered Institute for Securities and Investment Certificate in Investments (Securities & Financial Derivatives).

23 November

Jessica Littlewood

partner
Clifford Chance
Jessica is a partner in the structured finance and derivatives practice of global law firm, Clifford Chance LLP. She is recognised as a market leader in synthetic securitisations, risk transfer transactions and other regulatory capital-driven structures, having acted for numerous banks and financial investors on such transactions over the past two decades. Jessica has also been working with AFME and PCS in connection with the current reforms to the EU securitisation regulations as they affect synthetic securitisation, and has participated in discussions with regulators and policymakers on these proposals. She currently works in the London office of Clifford Chance and previously worked in their New York office between 2000 to 2003.

23 November

Timothy Cleary

Partner
Clifford Chance
Timothy Cleary is a partner in the Banking and Finance Group of Clifford Chance in the London office, specializing in structured finance and bank capital management. He has a particular focus on synthetic securitization and other credit risk mitigation and risk transfer transactions, and regularly acts for many of the active originator banks across Europe, North America and Asia. Timothy also has extensive experience with the various regulatory and structuring considerations relevant in such transactions.
Timothy also has broad experience in all aspects of OTC derivatives, in particular in connection with asset-backed securitization, whole business securitization, project and asset finance and real estate finance, as well as the repackaging of derivative exposures and securities financing transactions. He regularly advises industry bodies such as the Association for Financial Markets in Europe (AFME) and Prime Collateralized Securities (PCS) in relation to the evolving regulatory landscape for securitization in the EU.

23 November

David Saunders

Executive Director, Private Debt Mobilisation Notes and Structuring
Santander
David Saunders is a member of the Private Debt Mobilisation Notes and Structuring team, based in London.

He has over 13 years experience in the financial industry, working across a number of different asset classes, including derivatives, repacks and securitisation. He has worked on a number of high-profile transactions across Santander’s global footprint, including leading the successful completion of Santander’s largest ever capital relief securitisation, as well as their first ever unfunded securitisation. David is a regular contributor to industry bodies and regulatory forums, helping to advocate for banks on the future regulatory landscape for securitisation and credit risk mitigation more broadly.

He obtained a first class honours Bachelors of Science in Computer Science from the University of Warwick, and is a Chartered Accountant (ACA) associated with the ICAEW.

23 November

Steven Gandy

Managing Director and Global Head, Private Debt Mobilisation-Notes and Structuring
Santander
Steve Gandy is Managing Director, Head of Private Debt Mobilisation, Notes and Structuring, for Santander Corporate and Investment Bank in London.

He has over 27 years’ experience in the securitisation industry, having completed transactions in Europe, United States, Latin America and Asia. He serves on the Board of Directors of the European Data Warehouse, and has also served as Member Chairman of the Securitisation forum of AFME, where he participated in the development of the PCS initiative and currently serves as the chairman of the PCS Market Committee. Steve is also the current chairman of the Securitisation Working Group of the European Banking Federation.
During his 40 years of banking experience, Steve has held a number of management positions, with postings in the US, Mexico, Hong Kong and Paris prior to arriving in London in 1999.

He holds a Bachelors of Arts degree in Linguistics from the University of Texas, and an MBA from Thunderbird, the American Graduate School of International Management, where he also won the Barton Kyle Yount Award.

23 November

24 November

Pablo Sánchez

Structured Finance Manager
European Investment Fund
Pablo Sánchez is an investment manager of the European Investment Fund responsible for the securitization and structured finance activity in Iberia, among other geographies.

Prior to joining the European Investment Fund, Pablo worked for Banco Santander taking different responsibilities in the area of structured credit solutions for institutional clients. Pablo has worked on innovative financing and risk transfer operations throughout Europe.

Prior to his time at Santander, Pablo worked at Banco Español de Crédito assuming different responsibilities in the areas of structured financing for institutional clients, ACPM and issuance vehicles, always in the area of Treasury and Capital Markets.

Pablo has also been a lecturer of finance in several specialised schools in Spain (AFI, IEB, etc.).Pablo is a Telecommunications Engineer from the Polytechnic University of Madrid and has a Master's degree from King's College London.

24 November

Parya Badie

Partner
Allen & Overy
Parya specialises in derivatives and structured finance transactions, with a particular emphasis on synthetic significant risk transfer products, bespoke OTC funding trades as well as structured credit and equity derivatives.

23 November

Robert Bradbury

Managing Director, Head of Structuring & Advisory
StormHarbour
Robert Bradbury is a Managing Director focusing on European Fixed Income Structuring and Advisory. Robert has significant experience in investment banking and capital markets and joined StormHarbour in November 2015 from Societe Generale. There he covered a broad spectrum of clients in the Financial Institutions Solutions group. Prior to that he worked in the Portfolio Management Structured Executions group at Barclays Capital in London, where he structured transactions to address funding, liquidity and capital constraints for banks. Robert has also worked extensively to implement and monitor new global regulation standards such as the liquidity buffer and leverage ratio.

Robert has extensive experience in capital markets products including structured credit derivatives, cash ABS, synthetic credit products, collateralised financing, loans (IG, HY, project finance, ABLs etc), distressed loan workout scenarios and non-performing loan portfolios. His regional coverage has included the UK, Ireland, France, Germany, Scandinavia, Spain and Portugal, encompassing structures involving large corporate loans, SME loans, residential and commercial mortgages, auto loans and leases and exotic receivables. He has also executed significant transactions involving clients and assets in UAE, USA and Asia. Robert holds a Masters degree in Physics from the University of Oxford, where he attended Queen’s College, and he is also a CFA® charterholder.

24 November

Allen & Overy

Santander

Societe Generale

Texel

Newmarket

ARROWMARK PARTNERS

European Investment Fund

RenaissanceRe

Clifford Chance

Welcome Note & Opening Remarks

12:00 PM 12:05 PM

MARKET OVERVIEW

12:05 PM 12:50 PM

An overview of the current status of the capital relief trades market. How has the fallout from Covid-19 affected performance, activity and issuance levels so far in 2020?

Fiona Walden - RenaissanceRe
Jessica Littlewood - Clifford Chance

Speakers

Break

12:50 PM 01:20 PM

REGULATORY DEVELOPMENTS

01:20 PM 02:05 PM

Panel kindly sponsored by  
A focus on the EBA’s discussion paper regarding STS criteria for synthetic securitisations
  • What insights does the EBA’s report provide and how are they likely to be incorporated in transactions?
  • Does excess spread hinder the achievement of SRT in synthetic securitisations?

Steven Gandy - Santander (Moderator)
Timothy Cleary - Clifford Chance

Speakers

Break

02:05 PM 02:35 PM

Keynote Fireside Chat

02:35 PM 03:05 PM

Kindly sponsored by    

Mascha Canio - PGGM
Head of Credit & Insurance Linked Investments

THE ROLE OF INSURERS

03:05 PM 03:50 PM

Panel kindly sponsored by      

An examination of the role of insurers in the CRT market
  • Are insurers good counterparties for standardised bank risk-sharing deals?
  • Which innovations and solutions do insurers bring to the CRT market?

Alan Ball - Texel
David Saunders - Santander
Parya Badie - Allen & Overy

Speakers

FULL-STACK ISSUANCE

12:00 PM 12:45 PM

Panel kindly sponsored by  

A look at the full-stack issuance trend
  • What are the drivers behind the growing volume of full-stack SRTs?
  • What are the pros and cons of cash versus synthetic securitisation for SRTs? 

Steven Gandy - Santander

Speakers

Break

12:45 PM 01:30 PM

ISSUER AND INVESTOR PERSPECTIVES

01:30 PM 02:15 PM

Panel kindly sponsored by  

An exploration of issuer and investor perspectives on the CRT market
  • Are new issuers and investors entering the market?
  • Which barriers to entry remain and what are the potential solutions?
  • What are the latest jurisdictions and asset classes to emerge?

Panel includes:
Molly Whitehouse - Newmarket 
Kaelyn Abrell - ArrowMark Partners
Daniela Francovicchio - European Investment Fund
Pascale Olivie - Societe Generale

Speakers

Keynote Fireside Chat 2

02:15 PM 03:45 PM

Break

03:45 PM 04:15 PM

STRUCTURING CONSIDERATIONS

04:15 PM 05:00 PM

A look at the latest structuring and documentation developments in the sector. How are banks and investors addressing issues caused by payment holidays?

Pablo Sánchez - European Investment Fund
Robert Bradbury - StormHarbour

Speakers

CRT Awards

05:00 PM 05:45 PM