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
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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 |
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15:00 |
15:10 |
Opening Remarks |
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- Ilias Ε. Xirouhakis, Chief Executive Officer, HFSF
- Michael Haralabidis, Chief Risk Officer, HFSF
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15:10 |
15:25 |
Introduction to the PCS Association |
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- Ian Bell, Chief Executive Officer, PCS
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15:25 |
15:45 |
The basic mechanics of Asset Securitisation |
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Synthetics vs true sale: Focus on Synthetics
- Ian Bell, Chief Executive Officer, PCS
- Harry Noutsos, Head of Synthetic Outreach, PCS
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15:45 |
16:05 |
Regulatory topics |
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Significant Risk Transfer
Simple Transparent & Standardised (STS) Regime
- Ian Bell, Chief Executive Officer, PCS
- Harry Noutsos, Head of Synthetic Outreach, PCS
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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
- Ian Bell, Chief Executive Officer, PCS
- Harry Noutsos, Head of Synthetic Outreach, PCS
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17:00 |
17:20 |
Q&A |
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
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