SCI's Capital Relief Trades Seminar

16 & 17 October 2024
London

Join SCI for the 10th Annual Capital Relief Trades Seminar

Exclusive Host


Platinum Sponsor


Gold Sponsor


Silver Sponsor


Exhibitor


Agenda

  • Day 1 – 16th October
    • • Regulatory Developments: Understand the latest regulatory changes and their implications on the synthetic securitisation market.
    • • Market Trends: Gain insights into current trends and recent activities within the SRT market to inform your strategies and decisions.

    • Panel Includes:
      Parya Badie, A&O Sherman (Moderator)
      Ruhi Patil, Dentons
    • • US vs. European Practices: Explore the divergence between US and European market practices and its impact on issuance dynamics.
    • • Regional Bank Progress: Learn about the progress regional banks are making in the SRT market, with a focus on auto SRT transactions and other asset classes.
    • • Market Stability Post-SVB: Discuss the market's stability 18 months after the fall of SVB.
    • • -CLN Structures: Compare direct CLNs and SPV CLNs to determine which structure may dominate in the future.

    • Panel Includes:
      Angela Ulum, Mayer Brown
    • • Role of (Re)insurers: Discover how the participation of (re)insurers is transforming the investment landscape.
    • • Intermediaries' Role: Examine how intermediaries facilitate growth in the SRT market.
    • • Structuring Innovations: Learn about innovative structures enabling (re)insurers' participation in funded and STS SRT.
    • • Optimising Pricing: Explore how combining funded and unfunded formats can optimise pricing strategies.

    • Panel Includes:
      Edmund Parker, Mayer Brown (Moderator)
      Ruairi Neville, Arch Insurance
      RJ Shea, RenaissanceRe
    • • Strategic Integration: Understand how SRT can be integrated into bank strategies for effective capital management.
    • • Post-Basel 3.1 Environment: Discuss strategies for banks to thrive in a post-Basel 3.1 regulatory landscape.

    • Panel Includes:
      Pascale Olivie, Societe Generale
    • • Market Dynamics: Analyse supply and demand drivers, spread trends and transaction volumes in the SRT market.
    • • Comparative Analysis: Compare the relative value of SRT investments with direct lending and CLO investments.
    • • Value Drivers: Identify factors that could change relative value considerations across these products.
    • • Investor Differentiation: Learn how investors can differentiate themselves in a competitive market.

    • Panel Includes:
      Frank Benhamou, Cheyne Capital
    • • Structural/Regulatory Issues: Compare and contrast the issues as they apply to different asset classes.
    • • Case Study: Review a case study on capital management impacts and strategies for real assets books.
    • • Market Preparedness: Discuss preparations for significant losses and stresses in the CRE sector.
    • • Market Liquidity: Address the illiquidity of the market and the need to diversify the investor base.
    • • Pricing: Evaluate whether risk is properly priced in SRT deals.
    • • Innovations: Explore recent innovations that benefit the buy-side, such as back leverage.

    • Panel Includes:
      Leanne Banfield, Linklaters (Moderator)
      Alastair Pickett, Chenavari
    • • Talent Shift: Analyse the impact of the sell-side brain drain to the buy-side on the SRT market.
    • • Talent Development: Discuss where new talent is coming from and how it is being developed.
    • • Skillset Requirements: Identify the characteristics required in an SRT skillset.
    • • Recruitment Trends: Explore recent recruitment trends in the industry.
  • Day 2 – 17th October
    Policing the boundaries: protecting work/life balance
    In the securitisation market, the transactional nature of the work – commonly involving long hours and tight deadlines - creates challenges, especially for women with young families. What can the industry do to improve work/life balance as a whole? Women’s views are often marginalised, and their perspectives, ambitions and needs not taken into account. How can an effective dialogue be created in this context?
    • • New Jurisdictions: Explore opportunities arising from the adoption of SRT by Nordic and Benelux banks following Basel 3.1 implementation.
    • • New Asset Classes: Explore which asset classes are set to provide opportunities in the coming year.
    • • ESG: Discuss the role of synthetic securitisation in supporting ESG and digital transitions.

    • Panel Includes:
      Jonas Backlund, Revel Partners
      Niklas Thulin, DNB
    • • Regional Drivers: Understand the factors driving interest and activity in Latin America, South Africa and Central and Eastern Europe.
    • • Role of MDBs and DFIs: Examine how multilateral development banks (MDBs) and development finance institutions (DFIs) are attracting private capital to emerging markets.
    • • Case Study: Review a case study highlighting a successful emerging market transaction.

    • Panel Includes:
      Edmund Parker, Mayer Brown (Moderator)
      Xavier Jordan, IFC
      Georgi Stoev, EIF
    • • First-Time Issuers: Learn how first-time issuers should approach the SRT market.
    • • SRT Challenges: Discuss the complexity, data quality and infrastructure challenges in the SRT market.
    • • Disclosures and Ratings: Understand what investors require from pool disclosures and ratings versus what banks are willing to provide.
    • • Market Standardisation: Explore whether market terms are beginning to standardise.
    • Alan McNamara, Howden