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.

PCS Nordics Symposium 2023

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

S&P Global Ratings welcomes market participants back to London for their flagship annual European Structured Finance Conference. For more details on the program, please see here.

The UK Treasury has published the final draft of the rules that will replace the European Union Securitisation Regulation.

You can find our comments and the documents here

Although the UK Treasury has indicated that this is very much a final draft and that it has been published only for "final checks" they will entertain comments until 21 August

On 7 August 2023, FCA will publish a consultation paper (CP) setting out proposed rules to replace the firm-facing provisions from the UK Securitisation Regulation (UK SR) which are being transferred into our Handbook.

This CP should be read alongside the Treasury’s near-final draft of a Statutory Instrument, which will keep part of the UK SR in new legislation.

Supervisory responsibility for the UK SR is currently shared primarily between us and the Prudential Regulation Authority (PRA).

The PRA has published its own CP on proposed rules to replace firm-facing requirements in the UK SR, which it has supervisory responsibility for.

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.

AFME & IMN Global ABS 2023 will return to Barcelona, Spain on 13-15 June 2023

The Australian Securitisation Forum's London Investor Seminar will take place in London on the morning of Monday 12 June.

Planning for the event is underway and the ASF is looking forward to connecting with local market participants.

To find out more please click here.

The Conference focuses on analyzing the efficiency of the Risk function for Banks in a highly volatile macroeconomic landscape. Digital readiness has to be embedded in an effective monitoring lifecycle encompassing new ESG Risk practices by both Banks & Enterprises allowing access to finance boosting Sustainable growth. We will also uncover the increase of complexity of the Compliance process due to emerging Regulations on the current, and ESG-driven risks thus exploring intelligent Regtech adoption. 

Risk Management Greece conference details

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.

Winners will be announced at GlobalCapital's annual European Securitization Awards ceremony on 4 May 2023 in London.

SCI 2nd Annual ESG Securitisation Seminar

Event Registration

Join us as we kick off our 2nd Annual Symposia Series tour with PCS Warsaw 2023 Symposium on the 19th April, hosted in association with DLA Piper.

AFME's 14th Annual Spanish Capital Markets Conference

Event Registration

DSA's securitisation conference details

IMN’s 6th Annual Investors’ Conference on Significant Risk Transfer returns as an in-person conference March 23, 2023.

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.

The Structured Finance Association (SFA) is excited to once again present the largest capital markets conference in the world, SFVegas 2023, February 26-March 1, 2023 at the Aria Resort & Casino in Las Vegas. The three-and-a-half day program is developed by industry leaders representing the full spectrum of market participants including investors, issuers, financial intermediaries, regulators, law firms, accounting firms, technology firms, rating agencies, servicers, and trustees.

SFVegas 2023

Informa Connect European Green Bond Regulation will take place on 7th February 2023 in London. 

For more information click here

• 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

Register and watch

PCS Amsterdam 2023 Symposium took place on the 19th January 2023, hosted in association with NautaDutilh.

Amsterdam Memories

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:

PCS Dublin Symposium 2023

The Australian Securitisation Forum’s annual conference is the leading securitisation and covered bond event in Australia and is a highlight in the sector’s calendar.

Taking place in person at the Hilton in Sydney from November 30 to December 1, the Australian Securitisation Forum's conference will bring together the securitisation industry to connect, exchange ideas and keep the conversation going as we look towards 2023.

Sessions will feature local and international market professionals and focus on takeouts from the record issuance year, market developments and what's in store for the future.

The ASF looks forward to seeing you in Sydney!

https://www.securitisation.com.au/news-feed-2022/save-the-date!-asf-conference-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

SCI’s 8th Annual Capital Relief Trades Seminar will take place on 20th October 2022 in London. 

For more information chick here

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:

PCS Milan Symposium 2022

ABS East 2022 will take place October 17-19 in Miami Beach, FL. Serving as one of the most important structured finance industry conferences, the 2022 gathering anticipates a delegation of over 4,000 structured finance professionals, which includes more than 2,000 attendees representing a diverse cross section of issuers and investors in the ABS market.

Now in its 28th year, ABS East has solidified its place as the must-attend Fall gathering of the securitization industry, offering beneficial market insights with actionable takeaways. As always, the program is developed by investors, and led by issuers, to ensure a timely and objective program.

https://www.imn.org/structured-finance/conference/ABS-East-2022/

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.

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:

PCS Helsinki Symposium 2022

All PCS events are complimentary. Pictures from the event can be found here:

Helsinki 2022 Memories

Financing the economic transition – Building bridges between sustainability, growth and monetary stability

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:

PCS Athens Symposium 2022

All PCS events are complimentary. Pictures from the event can be found here:

Athens 2022 Memories

The Structured Finance Association (SFA) is excited to once again present the largest capital markets conference in the world, SFVegas 2022, July 17 - 20, 2022, at the Aria Resort & Casino in Las Vegas. The three-and-a-half day program is developed by industry leaders representing the full spectrum of market participants including investors, issuers, financial intermediaries, regulators, law firms, accounting firms, technology firms, rating agencies, servicers, and trustees.

https://www.sfvegas.org/event/60c321ce-a33c-4863-a642-abc779aba792/summary

On the 2nd May 2022 the European Supervisory Authorities (EBA, EIOPA and ESMA) published a Consultation Paper seeking input on draft Regulatory Technical Standards (RTS) on the content, methodologies and presentation of information in respect of the sustainability indicators for Simple, Transparent and Standardised  (STS) securitisations.

The proposed draft RTS aim to:

• 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).

Consultation process and next steps

The closing date for responses to the consultation is 2 July 2022.

All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’. Respondents are invited to use the “response form”.

Following the consultation period, the draft RTS will be finalised and submitted to the European Commission.

AFME & IMN are delighted to announce Global ABS 2022 will return to sunny Barcelona, Spain on 14-16 June 2022!

Each year a facilitator of thousands of 1:1 investor/issuer meetings, the conference returns as a major catalyst of structured product deal flow across Europe. Issuers looking to market their latest offerings and investors seeking yield in the ABS market will have ample opportunity to meet and stay connected before, during and after the physical conference.

Attendees will be armed with a competitive edge as they glean critical insight into the latest trends and updates on regulatory developments, emerging asset classes, products and geographies from our esteemed faculty of speakers.

A must-attend event, Global ABS is a platform that informs and engages the entirety of the European securitisation industry. We look forward to seeing you in Barcelona this June!

https://www.imn.org/structured-finance/conference/Global-ABS-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.

We will end the event with a business mixer, a great opportunity to network with participants and continue discussions.

For more information click here

To access the presentations shared at the conference, please click here.

Securitisation - a must for growth and capital management?

We would like to invite you to an event hosted by Christofferson Robb & Company (CRC), DLA Piper, and Prime Collateralised Securities (PCS).

The event will be devoted to the securitisation market in Poland, but will also address current market trends in Europe as a whole. It will explore the benefits of securitisation, a crucial mechanism for institutions to obtain financing and achieve capital relief. The event will be a chance to meet experts in the field, originators, arrangers and investors, to discuss market trends and to build relationships. It is aimed at institutions that intend to securitise an existing portfolio and to those that are interested in the warehousing of assets, including banks, loan providers, leasing companies, “buy now pay later” companies and telecoms companies.

Our speakers will include:

• 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

We will end the event with a business mixer, a great opportunity to network with participants and continue discussions.

8:30am                Registration and refreshments

9:15am                 Opening remarks

9:30am                 Securitisation: Introduction to the European Securitisation Market I

10:30am               Networking break

10:40am              Securitisation: Introduction to the European Securitisation Market II

11:40am               Securitisation: Polish Legislation and Securitisation

12:30pm               Networking lunch

1:30pm                 The SRT and On Balance Sheet Securitisation

2:30pm                 Networking break

2:45pm                 Panel discussion: Current Trends & Future: Part 1

3:30pm                 Refreshment break

3:40pm                 Panel discussion: Current Trends & Future: Part 2

4:20pm                 Closing remarks

4:30pm                 Drinks reception

You can find here the

Final Presentation

and highlights from the event

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

Register and watch

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.

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