The event will be devoted to the securitisation market in Portugal as well as across Europe including a look at current trends and possible future developments. It will explore the benefits of securitisation, as a financing source but also as a crucial technology to manage proactively regulatory and economic capital. The event will be a chance to meet securitisation experts, regulators, originators, arrangers, investors and servicers, discuss market trends and build relationships. It is aimed at anyone currently involved in the securitisation market or thinking of becoming involved, whether intending to securitise existing portfolios, investing, using or providing warehousing or synthetically managing capital. Whether working for a bank, a loan provider, a leasing company, an originator of broadcasting rights, a public utility including energy generation and telecom company, or if you are or are thinking of participating in the structured finance market, this event will be of interest.
The event will be in-person only and will be held in English.Upcoming Events
July 2025
With this initiative, a holistic review of the securitisation framework is intended, covering non-prudential elements, transparency, due diligence and prudential requirements (both for banks and insurances). As a consequence, some amendments should be included into the Delegated Regulation 2015/61 on liquidity coverage requirements for credit institutions.
September 2025
Join us for the 4th Annual Nordics Symposium on the 2nd September 2025, in association with BAHR, Waselius and Vinge.
Registration will open shortly.
Join us for the 4th Annual Warsaw Symposium on the 24th September 2025, in association with DLA Piper.
Registration will open shortly.
October 2025
The European ABF Forum will explore the growing prominence of asset-backed finance and private credit in capital markets, driven by shifting bank strategies under Basel 4 and an increasing demand for flexible financing.
The World Risk Sharing Summit (formerly the Capital Relief Trades Seminar) is the premier event for the global SRT community, bringing over 400 senior market practitioners from around the world.
ABS East unites 5,600+ of the most engaged, active, and highly regarded structured finance professionals for three high-octane days of meetings, industry insight, and deal-making.
Join us for the 4th Annual Athens Symposium on the 21st October 2025, in association with Clifford Chance.
Registration will open shortly.
November 2025
The IACPM 2025 Annual Fall Conference will be taking place in Chicago, Illinois at the Fairmont Chicago Millennium Park, Wednesday, November 5 through Friday, November 7, 2025.
The Australian Securitisation Conference 2025 will take place at the Hyatt Regency in Sydney on Tuesday 25 and Wednesday 26 November.
Planning for the event is underway and the ASF is looking forward to delivering another successful event following the record attendance of 2024.
Australian Securitisation Conference 2025 | Australian Securitisation Forum
January 2026
Funding the future of the CEE region: 31 years of gathering CEE financial markets and the people at the heart of them.
Past Events
June 2025
May 2025
Join us for the 3rd Annual Paris Symposium, in April 2025, in association with White & Case.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
To register, please see here: https://eur.cvent.me/AArNR
All PCS events are complimentary.
Join us for the 3rd Annual Lisbon Symposium, on the 20th March 2025, in association with VdA.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
April 2025
Join us for the 3rd Annual Luxembourg Symposium, on the 29th April 2025, in association with EIB, EIF and A&O Shearman.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
Register here: https://eur.cvent.me/EXrN8
All PCS events are complimentary.
Join us for the 3rd Annual Frankfurt Symposium, on the 2nd April 2025, in association with Clifford Chance.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
March 2025
20th Annual DSA Securitisation Conference 2024
- March 25th, 2024
- Barbizon Palace, Amsterdam
Join us for the 3rd Annual Luxembourg Symposium, in April 2025, in association with EIB & EIF.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
Register here: https://eur.cvent.me/EXrN8
All PCS events are complimentary.
More information about AFME's 16th Annual Spanish Capital Markets Conference can be found here.
February 2025
Structured Finance Association (SFA) is taking place February 23 – 26, at the Aria Resort & Casino in Las Vegas.
For more details, please see the SFA website here.
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
January 2025
Join us for the 3rd Annual Amsterdam Symposium, on the 15th January 2025, in association with NautaDutilh.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
Join us for the 3rd Annual Dublin Symposium, on the 8th January 2025, in association with A&L Goodbody.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
Registration is open.
All PCS events are complimentary.
December 2024
The Australian Securitisation Conference 2024 will take place at the Hyatt Regency in Sydney on Monday 2 and Tuesday 3 December.
The ASF looks forward to seeing you in Sydney! More details can be found here.
October 2024
Join us for the 3rd Annual Milan Symposium, on the 8th October 2024, in association with A&O Shearman.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
Join us for the 3rd Annual Brussels Symposium, on 2nd October 2024, in association with Linklaters. This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers. Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisation market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
September 2024
Join us for the 3rd Annual Athens Symposium, on the 26th September 2024, in association with HFSF and Clifford Chance.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
Register here
IMN and APSA present Asia's Structured Credit Summit: ABS Asia, September 2024 in Hong Kong.
For more information, see the IMN ABS Asia website here
Join us for the 3rd Annual Warsaw Symposium, on the 17th September 2024, in association with DLA Piper.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
Join us for the 3rd Annual Nordics Symposium, on the 4th September 2024, in association with Waselius and Vinge - this year, we return to Helsinki.
This season's theme, "Securitisation, Europe’s Categorical Imperative" explores various ways forward for CMU and the European securitisation market
This one-day, in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and network with peers.
Topics of discussion include:
- An exploration of the pathways that lie ahead for the securitisaton market in Europe
- Insights from policymakers/regulators
- Panel discussions with key industry players
- Current trends in the local market
All PCS events are complimentary.
The Financial Stability Board invites comments on this consultation report "Evaluation of the Effects of the G20 Financial Regulatory Reforms on Securitisation" and the questions set out below.''
Responses should be submitted via this secure online form by 2 September 2024
Questions
Overall
- Preliminary findings: Does the report draw the appropriate inferences about the extent to which the securitisation reforms have achieved their objectives? Is there other evidence on the effects of the reforms to complement the preliminary findings of the report?
- Analytical approach: Are the descriptive analyses used to evaluate the effects of the securitisation reforms appropriate? Are there other such analyses to consider? What types of empirical analysis based on available data could inform the evaluation?
Overview of securitisation markets
- Trends: Are the securitisation market trends presented in this report adequate given the scope of the evaluation? Are there other important trends that should be included and, if so, what additional data sources could be used for this purpose?
Securitisation reforms
- Relevant reforms: Does the report appropriately describe the key aspects of the design and jurisdictional implementation of the BCBS and IOSCO reforms for analysing their impact on securitisation markets? Are there other important aspects of these reforms that should be considered for inclusion?
- Other reforms: Does the report accurately identify other G20 and domestic financial reforms that are most relevant for securitisation markets? Are there other reforms that hould be considered in terms of their impact on market participants?
- Conceptual framework: Does the report adequately explain the objectives, transmission channels and expected outcomes of the securitisation reforms? What other metrics to assess the impact of the reforms should be considered?
Effectiveness of the securitisation reforms
- Resilience metrics for the CLO market: Does the report accurately describe the volution of resilience indicators for the CLO market? To what extent can the evolution of these indicators be attributed to the reforms?
- Risk retention in CLOs: Does the report accurately describe risk retention practices in the CLO market before and after the reforms? What additional analysis could be included to assess the effectiveness of risk retention in CLOs across FSB jurisdictions, including on how financing of risk retention deals by third party investors impacts effectiveness?
- Resilience metrics for the non-agency RMBS market: Does the report accurately describe the evolution of resilience indicators for the RMBS market? To what extent can he evolution of these indicators be attributed to the reforms?
- Risk retention in RMBS: Does the report accurately describe risk retention practices in the RMBS market before and after the reforms? What additional analyses could be included to assess the effectiveness of risk retention in RMBS across FSB jurisdictions?
- Effectiveness of BCBS securitisation reforms: Does the report accurately describe the changes in bank behaviour following the implementation of the BCBS securitisation framework reforms? To what extent can the effects of these reforms be disentangled from the broader Basel III framework, other reforms and confounding factors?
- Simple, transparent and comparable (STC) securitisations: Does the report accurately describe the impact of the introduction of the STC framework on the securitisation market? To what extent has the reform met its objectives?
Broader effects of the reforms
- Effects on financing the economy: Does the report accurately describe the main effects of the reforms on financing the economy? Is there additional analysis that could be undertaken to estimate the benefits and costs of these reforms and to assess their impact on securitisation as a financing tool?
- Effects on financial system structure and resilience: Does the report accurately scribe the extent to which there has been a redistribution of risk from the banking to the non-bank financial intermediation sector What role did the reforms play in this process and what are the main benefits and risks from a system-wide perspective? How have the reforms impacted the demand and supply of liquidity in securitisation markets?
- Other issues:Are there any other issues or relevant factors that should be considered as part of the evaluation?
July 2024
June 2024
May 2024
Join us for the 2nd Annual PCS Paris Symposium on 14 May 2024, in association with White & Case.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Trends in France and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
April 2024
Join us for the 2nd Annual PCS Luxembourg Symposium on 17 April 2024, in association with EIB & EIF and Allen & Overy.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Trends in Luxembourg and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
March 2024
- March 26th, 2024
- Barbizon Palace, Amsterdam
Join us for the 2nd Annual PCS Frankfurt Symposium on 19 March 2024, in association with Clifford Chance.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Trends in Germany and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
The European Securities and Markets Authority has launched a consultation on the revision of the Disclosure Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS)
The deadline for responses is the 15 March 2024.
Join us for the 2nd Annual PCS Madrid Symposium on 6 March 2024, in association with CuatreCasas.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Trends in Spain and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
February 2024
Join us for the 2nd Annual PCS London Symposium on 8 February 2024, in association with Clifford Chance.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Challenges and benefits of Trade Receivables and Warehousing in securitisation deals
- Trends in Ireland and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
January 2024
Join us for the 2nd Annual PCS Amsterdam Symposium on 18 January 2024, in association with Nautadutilh.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Challenges and benefits of Trade Receivables and Warehousing in securitisation deals
- Trends in Ireland and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
Join us for the 2nd Annual PCS Dublin Symposium on 11 January 2024, in association with A&L Goodbody.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Challenges and benefits of Trade Receivables and Warehousing in securitisation deals
- Trends in Ireland and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
November 2023
Join us for the 2nd Annual PCS Milan Symposium on 9 November 2023, in association with Allen & Overy.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Challenges and benefits of Trade Receivables and Warehousing in securitisation deals
- Trends in Italy and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
Join us for the 2nd Annual PCS Brussels Symposium on
7 November 2023, in association with Allen & Overy (Belgium) LLP.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one (full day) in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Green Securitisation
- Trends in Italy and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
October 2023
The UK Prudential Regulatory Authority (UK PRA) has taken a significant step forward by launching a public consultation on proposed changes to the retained EU Securitisation Regulation and the accompanying technical standards on risk retention and disclosure.
The deadline for submissions is Monday 30 October 2023.
Join us for the 2nd Annual PCS Lisbon Symposium on 18 October 2023, in association with VdA.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Challenges and benefits of Energy Receivables
- Trends in Portugal and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
Join us for the 2nd Annual PCS Athens Symposium on 5 October 2023, in association with HFSF & Clifford Chance.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Greek STS securitisation market and performance
- Trends in Greece and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
September 2023
From the organisers of Global ABS & ABS East, IMN is excited to announce the much-anticipated relaunch of ABS Asia will return to Hong Kong on September 27-28th, 2023.
This conference returns as a facilitator of 1:1 investor/issuer meetings, and as a major catalyst of structured product deal flow across the Asia-Pacific region.
For more information, see the IMN ABS Asia website here
Join us for the 2nd Annual PCS Nordics Symposium: Stockholm on 12 September 2023, hosted in association with Vinge and Waselius & Wist.
This year's theme, "Securitisation- The missing component of Europe's financial architecture," explores the benefits of deploying securitisation markets in local economies.
The one-day in-person event offers a unique opportunity to engage with industry experts, discuss market trends, and build relationships. Our panels of market participants, policymakers, and regulators will provide updates on European and local developments, as well as share their insights on the future. Following the formal sessions, there will be a cocktail party for networking and informal discussions.
Topics of discussion include:
- Introduction to global securitisation markets
- Synthetic securitisation: Key features, market trends, and future prospects
- Regulatory and prudential landscape
- Panel discussions from issuers and investors
- Challenger Banks and specialized lenders panel
- Trends in Nordics and European securitisation marketplace
Visit our website for the program details and registration. All PCS events are complimentary.
To view pictures from the event, see our Memories page.
DealCatalyst 2nd Annual Investors' Conference on UK Mortgage Finance will take place on 12th September 2023 in London. In partnership with AFME.
For more information click here
August 2023
July 2023
On 21st of April 2023 the European Banking Authority launched a consultation on the guidelines for the STS criteria for on-balance-sheet securitisation
Given the growth of on-balance-sheet (synthetic) securitisations since the inclusion in Q2 2021 of synthetic securitisations to the STS framework this is quite important. A public hearing will take place via conference call on 30 May 2023 from 14:30 to 15:30 (CEST). The deadline for this consultation is the 7 July.
June 2023
May 2023
On 21st of April 2023 the European Banking Authority launched a consultation on the guidelines for the STS criteria for on-balance-sheet securitisation
Given the growth of on-balance-sheet (synthetic) securitisations since the inclusion in Q2 2021 of synthetic securitisations to the STS framework this is quite important. A public hearing will take place via conference call on 30 May 2023 from 14:30 to 15:30 (CEST). The deadline for this consultation is the 7 July.
April 2023
PCS kicked off our 2nd Annual Symposia Series tour with PCS Warsaw 2023 Symposium on the 19th April, hosted in association with DLA Piper.
- An introduction of securitisation markets from a global perspective
- Why synthetic securitisation? Key structural features, current market and future trends
- A presentation on regulatory and prudential state of play
- High level panel discussions from both issuers and investor's perspectives
- Challenges and benefits of Trade Receivables and Warehousing on securitisation deals
- Trends in Poland and European securitisation marketplace
See the event page link below:
For videos and pictures, please see here: PCS Warsaw 2023 Memories
March 2023
Join our PCS Paris 2023 Symposium on the 16th March, hosted in association with White & Case.
- A new look at the European securitisation market: its history and fundamental concepts that underpin it
- SRT- what is on the horizon and will it become the driver of all European securitisation?
- Green: Accelerant or threat for the European securitisation market?
- Europe Quo Vadis? High level panel discussions on current trends and perspectives on both the French and European marketplace
- Presentation by ACPR on regulatory and prudential perspective
For more updates on the Agenda & Speakers, and to Register, see below:
Join our PCS Frankfurt 2023 Symposium on the 14th March, hosted in association with Clifford Chance.
- A new look at the European securitisation market: its history and fundamental concepts that underpin it
- SRT- what is on the horizon and will it become the driver of all European securitisation?
- High level panel discussions on current trends and perspectives on both German and European marketplace
For more updates on the Agenda & Speakers, and to Register, see below:
The 2023 Annual Meeting of the Central Bank Research Association will take place 5-7 July 2023, at the Federal Reserve Bank of New York and Columbia University in New York.
Submissions to CEBRA’s 2023 Annual Meeting are being sought for all the topics up for discussion, including number 19:
Effects of Financial Reforms on Securitisation Markets
A session organised by Europe's Financial Stability Board
The event is co-organized with the Federal Reserve Bank of New York, Columbia SIPA, and the Leibniz Institute for Financial Research “Sustainable Architecture for Finance in Europe (SAFE)” . You should submit your paper by Friday, March 10th, 2023.
Join our PCS Luxembourg 2023 Symposium on the 7th March, hosted in association with EIB, EIF and DLA Piper.
- A new look at the European securitisation market: its history and fundamental concepts that underpin it
- SRT- what is on the horizon and will it become the driver of all European securitisation?
- High level panel discussions on current trends and issues related to European regulation
For more updates on the Agenda & Speakers, and to Register, see below:
February 2023
PCS London 2023 Symposium, 21st February, hosted in association with Allen & Overy.
- A new look at the European securitisation market: its history and fundamental concepts that underpin it
- SRT- what is on the horizon and will it become the driver of all European securitisation?
- Review and reforms of prudential and non-prudential regulation
- High level panel discussions on current trends and perspectives on both the UK and European marketplace
- The way forward for UK in post Brexit divergence
- FCA presentation on the UK securitisation regime
For more details the Agenda & Speakers, , see below:
PCS Madrid 2023 Symposium. 16th February, hosted in association with Cuatrecasas.
- A new look at the European securitisation market: its history and fundamental concepts that underpin it
- How the macro environment is affecting the securitisation market
- Synthetic STS: news players, new products
- High level panel discussions on current trends, perspectives on the Spanish marketplace, laws and regulation, and main developments across asset classes
For more updates on the Agenda & Speakers, see below:
Informa Connect European Green Bond Regulation will take place on 7th February 2023 in London.
For more information click hereJanuary 2023
- Introduction – why “Quo Vadis?”
- Monetary Policy
- Basel III and the “output floors”
- How green will my securitisation be? The EU GBS nears finalisation
- The Securitisation Regulation Review – Much ado about nothing?
- Calibration Issues – So, what now?
- Bringing it all together
PCS Amsterdam 2023 Symposium took place on the 19th January 2023, hosted in association with NautaDutilh.- A new look at the European securitisation market: its history and fundamental concepts that underpin it
- How the macro environment is affecting the securitisation market
- SRT - what is on the horizon and will is become the driver of all European securitisation?
- High level panel discussions on current trends covering the development of the Netherlands marketplace, and laws and regulation
- Where are we with European Green Backed Securities?
For more details on the Agenda & Speakers, see below:
PCS Dublin 2023 Symposium on the 17th January 2023 at the Davenport Hotel Dublin, in association with AL Goodbody and the KBRA.Our one day symposium (in person only) was devoted to the securitisation market generally as well as in Ireland specifically. The event is a chance to hear from but also speak with experts in the field, discuss market trends and build relationships. The formal part of the day was followed by a cocktail party for a more informal opportunity to exchange views and perspectives.
Our discussions:
- A new look at the European securitisation market: its history and fundamental concepts that underpin it
- Perspectives on the Irish market and main developments across asset classes
- SRT - what is on the horizon and will is become the driver of all European securitisation?
- Developments in the Solar & Green Finance market
- How the macro environment is affecting the securitisation market
For details on the Agenda & Speakers, see below:
November 2022
PCS Brussels 2022 Symposium in association with Allen & Overy.
This in person event was held at Allen & Overy (Belgium) offices, on the 8th of November 2022.
For more details on the Brussels Symposium Agenda & Speakers, see below:
October 2022
On 28th of July 2022 the European Banking Authority launched a consultation on the homogeneity of the underlying exposures in STS securitisation.
The consultation is addressing the issue of the homogeneity in the context of synthetic STS securitisation. Although the scope is extended to also cover on-balance-sheet (synthetic) securitisations, at the same time it establishes the same criteria for the assessment of homogeneity for all securitisations.
More specifically, given the relevance of corporate and SME loans in the context of synthetic securitisations, adjustments have been made to the type of obligor to reflect the current market practices and the credit risk assessment approaches applied to those asset types. At the same time the in the proposal, we see that similar changes are made to the respective homogeneity factor for all relevant asset types. The proposal further specifies the asset type for credit facilities provided to enterprises, where similar underwriting standards are applied as for individuals.The deadline for submission of comments is 28th October 2022
PCS Milan 2022 Symposium in association with Hogan Lovells.
This is an in person event, held at Westin Palace, Milan, Italy, on the 18th of October 2022.
The event is devoted to the securitisation market generally as well as in Italy specifically.
It covered some fundamental principles as well as discussed the most recent market and regulatory developments. We explored the benefits of securitisation, as a crucial mechanism for financial institutions in obtaining funding but also in achieving capital relief. The event is a chance to hear from but also speak with experts in the field, discuss market trend and build relationships.
The formal part of the day is followed by a cocktail party for a more informal opportunity to exchange views and perspectives.
We begin with a general discussion on synthetic and true sale securitisation, and then move on to focus on more complex issues and current market trends.
For more details on the Agenda & Speakers, see our event page below:
On 9th of August 2022 the European Banking Authority launched a consultation on the treatment of "synthetic excess spread" or "SES".
The issue of the capital treatment of synthetic excess spread in the context of synthetic STS securitisation is a topic that is as arcane as it is important.
The deadline for this consultation is the 14th of October.
September 2022
PCS Helsinki 2022 Symposium hosted in association with Waselius & Wist and Clifford Chance.
This in person event was held at Waselius & Wist’s office on the 22nd of September 2022
For more details on the Agenda & Speakers, see our event page below:
All PCS events are complimentary. Pictures from the event can be found here:
PCS Athens 2022 Symposium in association with Clifford Chance and the Hellenic Financial Stability Fund
This is an in person event at Athens Capital Center Hotel on the 20th of September 2022
The event will be devoted to the securitisation market in Greece as well as across Europe including a look at current trends and possible future developments.
The event will be a chance to meet securitisation experts, regulators, originators, arrangers, investors and servicers, discuss market trends and build relationships. The formal part of the day will be followed by a cocktail party for a more informal opportunity to exchange views and perspectives
Our discussions will address the following topics:
- An overview of the key features and different types of securitisation transactions on the European market
- A panel discussion on SRT and On Balance Sheet Securitisation
- The key issues related to securitisation in Greece
For more details and updates on the Agenda & Speakers, see our event page below:
All PCS events are complimentary. Pictures from the event can be found here:
July 2022
- facilitate disclosure by the originators of the principal adverse impacts of assets financed by STS securitisations on environmental, social and governance-related factors;
- supplement the single rulebook under the Securitisation Regulation as amended by the Capital Markets Recovery Package (CMRP);
- draw upon the ESAs’ work in respect of sustainability-related disclosures in the financial services under the Sustainable Finance Disclosure Regulation (SFRD).
June 2022
May 2022
The conference Securitisation – a must for growth and capital management?, hosted by Vieira de Almeida (VdA) and Prime Collateralised Securities (PCS), will take place at VdA’s premises in Rua Dom Luís I, 28, LISBOA, on May 20th, between 8:30am and 5:30pm.
Agenda
| 8:30 am |
Registration and refreshments |
| 9 am |
Opening RemarksPaula Gomes Freire, Managing Partner | VdA Ian Bell, CEO | PCS |
| 9:10 am |
Securitisation: Introduction to the European Securitisation Market IIan Bell, CEO | PCS Pedro Cassiano Santos, Head of Practice Partner Banking & Finance | VdA |
| 10:15 am |
Securitisation: Introduction to the European Securitisation Market IIHarry Noutsos, Managing Director, Market Outreach | PCS Sebastião Nogueira, Senior Associate, Banking & Finance | VdA David O’Connor, Partner, Mayer Brown |
| 11:15 am | Coffee-Break |
| 11:30 am |
Panel discussion: The SRTModerator: Benedita Aires, Partner Banking & Finance | VdA Members of the panel: Pedro Coimbra, CFO | Banco CTT David Sanchez, SCIB – Securitised Products Group - Europe Oliver Gehbauer, Director, Credit Structuring | DB Harry Noutsos, Managing Director, Market Outreach | PCS |
| 12:10 am |
Panel discussion: NPL SecuritisationModerator: Tiago Correia Moreira, Partner Banking & Finance | VdA Members of the panel: Isabel Teixeira, CEO | doValue Portugal João Bugalho, CEO | Arrow Global Portugal João Ferreira Marques, Managing Partner | ActiveCap Pablo Perez, Head for Iberia of Securitised Products | J.P. Morgan José Francisco Ratinho, Associate Partner | KPMG |
| 1 pm | Networking lunch |
| 2:30 pm |
Securitisation: The Regulator’s Perspective, Portuguese Legislation and TaxationSandra Cardoso, Executive Coordinator at the Issuers Department | CMVM Francisco Cabral Matos, Partner Tax | VdA Orlando Vogler Guiné, Managing Associate Banking & Finance | VdA |
| 3:15 pm |
Panel discussion: Current Trends & FutureModerator: Hugo Moredo Santos, Partner Banking & Finance | VdA Members of the panel: Assunção Cristas, Of Counsel, Head of Practice Environment ESG Integrated Services | VdA Pedro Paulo Castro, Global Head of DCM & Treasury | Santander Consumer Finance Peter Voisey, Partner | Dentons Harry Noutsos, Managing Director, Market Outreach | PCS |
| 4:15 pm |
Closing remarksPedro Cassiano Santos, Head of Practice Partner Banking & Finance | VdA Ian Bell, CEO | PCS |
| 4:30 pm |
Drinks reception |
April 2022
Securitisation - a must for growth and capital management?
- Mariusz Hyla, Partner and Head of Finance, Projects and Restructuring, DLA Piper
- Bartosz Matusik, Partner and Head of Tax, DLA Piper
- Steven Krivinskas, Partner, Finance, Projects, and Restructuring, DLA Piper
- Paweł Turek, Counsel, Finance, Projects, and Restructuring, DLA Piper
- Harry Noutsos, Managing Director, Market Outreach, Prime Collateralised Securities (PCS)
- Ian Bell, CEO, Prime Collateralised Securities (PCS)
- Joanna Kosek, Partner, CRC
- Tomasz Osipowicz, Head of Securitisation, Santander Germany
- Michał Marciszewski,Head of Securitisation, Getin Noble Bank
- Przemysław Mocek, Financial Director, PEKAO Leasing
December 2021
As the year winds up, there will be many presentations looking into 2022 and seeking to map out the course of European securitisation in the coming months. They will focus on the many securitisation specific developments we can anticipate for next year.
In our “Quo Vadis?” webinar, PCS will seek to look both a little further and a little wider to reflect on the forces that may impact the European securitisation market not only in 2022 but beyond, from ESG to Basel 3, and how these may interact with each other.
The original answer to the question “quo vadis?” was, of course, grim and we hope that the European securitisation market can avoid the fate of the man who originally asked it. But the level of uncertainty is high and the spectrum of outcomes for securitisation in the coming years is wide. PCS does not claim to offer predictions or answers, but we hope to explore to those elements most likely to determine one outcome or another. PCS will also express its own views on what it feels will be the better options in the many decisions that are to be made in the months to come.
AGENDA
- Introduction – why “Quo Vadis?”
- Monetary Policy
- Basel III and the “output floors”
- How green will my securitisation be?
- The Securitisation Regulation Review(s)
- Calibration Issues
- Bringing it all together
October 2021
Like climate change, European rule making around sustainability and capital markets is moving with extraordinary speed. So swiftly indeed that there are already a number of rules that impact securitisations today and are yet not always fully understood. In addition to those rules, more are coming towards us fast.
As part of its Insight series, PCS has crafted a webinar that will seek to bring stakeholders up to date with the rules that are impacting or will soon impact European securitisations and those the drafting of which is already well in train. The aim is to allow all market participants to prepare for the inevitable changes and participate in the shaping of those rules that are yet up for discussion as well as understand what is at stake for our industry.
Quick Background – ESG and capital markets
- EU Green Plan
- Taxonomy
- Draft Green Bond Standard and the work of the TEG
- Some unresolved controversies and the art of kicking cans
- SFDR
- NFRD
- Sec Reg Disclosure Rules
- Article 449a CRR
- EBA STS sustainability Report
- EBA Green Asset Ratio
- Green Bond Standard
- Availability of assets
- Asset vs Proceeds
- Disclosure
- Level playing fields
- Where are my carrots, where are my sticks?
July 2021
In order to mark the occasion of HFSF joining the Prime Collateralised Securities Association, you are cordially invited to attend our joint session on Securitisation.
The webinar is designed for all stakeholders, from those with only the most basic knowledge of securitisations but interested in understanding synthetics, to practitioners who seek to measure the impact of the new STS regime on their documentation and transaction structures.
| Agenda | ||
| 15:00 | 15:10 | Opening Remarks |
|
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| 15:10 | 15:25 | Introduction to the PCS Association |
|
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| 15:25 | 15:45 | The basic mechanics of Asset Securitisation |
Synthetics vs true sale: Focus on Synthetics
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| 15:45 | 16:05 | Regulatory topics |
Significant Risk Transfer
Simple Transparent & Standardised (STS) Regime
|
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| 16:05 | 16:15 | Break |
| 16:15 | 17:00 | Special Topics
Overview of basic structures in Synthetic Securitsations
Key practical considerations
STS in practice for Synthetic transactions
|
| 17:00 | 17:20 | Q&A |
PCS has crafted an online workshop for all those who want to better understand the new STS regime for synthetic/on-balance-sheet securitisations.
It is designed for all stakeholders, from those with only the most basic knowledge of securitisations but interested in understanding synthetics to practitioners who seek to measure the impact of the new STS regime on their documentation and transaction structures.
The aim of the workshop is to provide insight and understanding around the rationale and approach of the new regime rather than be a “laundry list” of provisions and rules copied from the legislation.
We will also go through the practical lessons learned through those synthetic verifications that we have already conducted.
Part 1 Synthetics – An overview , Ian Bell , Dr. Martina Spaeth
Part 2 STS Synthetic Regime – Deep Dive , Ian Bell, Dr. Martina Spaeth
Register and watch
PCS has crafted an online workshop for all those who want to better understand the new STS regime for synthetic/on-balance-sheet securitisations.
It is designed for all stakeholders, from those with only the most basic knowledge of securitisations but interested in understanding synthetics to practitioners who seek to measure the impact of the new STS regime on their documentation and transaction structures.
The aim of the workshop is to provide insight and understanding around the rationale and approach of the new regime rather than be a “laundry list” of provisions and rules copied from the legislation.
We will also go through the practical lessons learned through those synthetic verifications that we have already conducted.
Part 1 Synthetics – An overview , Ian Bell , Dr. Martina Spaeth
Part 2 STS Synthetic Regime – Deep Dive , Ian Bell, Dr. Martina Spaeth
Register and watch
January 1970