Event name

The Euromoney / ECBC Covered Bond Congress 2019

12 September 2019
Munich, Germany

Sponsors

There is no better way to network with your key clients whilst providing a host of interesting panels and lively workshops to keep them informed on the latest market trends. Euromoney conferences provide an unparalleled opportunity for you to reach and remain at the forefront of your market.

To find out how you could benefit from sponsoring a Euromoney Conference please contact us on +44 (0) 20 7779 8488.


Co-Host

LOGO - ECBC - 1st Tier - DO NOT USE

Platinum Sponsors

LOGO - Barclays - 1st Tier - DO NOT USE
LOGO - Commerzbank - 1st Tier - DO NOT USE
Crédit Agricole CIB
LOGO - HSBC - 1st Tier - DO NOT USE
LOGO - LBBW - 1st Tier - DO NOT USE
LOGO - Natixis - 1st Tier - DO NOT USE
LOGO - Natwest - 1st Tier - DO NOT USE
LOGO - RBC - 1st Tier - DO NOT USE
LOGO - Societe Generale - 1st Tier - DO NOT USE
LOGO - UniCredit - 1st Tier - DO NOT USE

Gold Sponsors

LOGO - ABN AMRO - 2nd Tier - DO NOT USE
LOGO - VDP - 3rd Tier - DO NOT USE
LOGO - Banca IMI - 2nd Tier - DO NOT USE
LOGO - BayernLB - 2nd Tier - DO NOT USE
LOGO - BBVA - 2nd Tier - DO NOT USE
LOGO - BNP Paribas - 2nd Tier - DO NOT USE
LOGO - Citi - 2nd Tier - DO NOT USE
LOGO - Credit Suisse - 2nd Tier - DO NOT USE
LOGO - Danske Danmark combined - 2nd Tier - DO NOT USE
LOGO - Deka - 2nd Tier - DO NOT USE
LOGO - Deutsche Bank - 2nd Tier - DO NOT USE
LOGO - DNB - 2nd Tier - DO NOT USE
LOGO - DZ Bank - 2nd Tier - DO NOT USE
LOGO - Erste - 2nd Tier - DO NOT USE
LOGO - Fitch Ratings - 2nd Tier - DO NOT USE
LOGO - Helaba - 2nd Tier - DO NOT USE
ING Bank N.V.
LOGO - Lloyds - 2nd Tier - DO NOT USE
LOGO - Mayer Brown - 2nd Tier - DO NOT USE
LOGO - Moodys - 2nd Tier - DO NOT USE
LOGO - Nomura - 2nd Tier - DO NOT USE
LOGO - NORDLB - 2nd Tier - DO NOT USE
LOGO - NORDEA - 2nd Tier DO NOT USE
LOGO - Nykredit - 2nd Tier - DO NOT USE
LOGO - Rabobank - 2nd Tier - DO NOT USE
LOGO - Raiffeisen - 2nd Tier - DO NOT USE
LOGO - Santander - 2nd Tier - DO NOT USE
LOGO - S&P - 2nd Tier - DO NOT USE
LOGO - Swedbank - 2nd Tier - DO NOT USE
LOGO - TD - 2nd Tier - DO NOT USE
LOGO - UBS - 2nd Tier - DO NOT USE

Silver Sponsors

LOGO - DBRS - 3rd Tier - DO NOT USE
LOGO - ICAP - 3rd Tier - DO NOT USE

Bronze Sponsor

LOGO - DBS - 4th Tier - DO NOT USE
LOGO - Deutsche Pfandbriefbank - 4th Tier - DO NOT USE
LOGO - Jyske RealKredit - 4th Tier - DO NOT USE

Morning Coffee Break Sponsor

LOGO - Muenchener Hyp - 5th Tier - DO NOT USE

Event Overview

The 17th Euromoney Covered Bond Forum was held again in Munich with over 1,100 delegates from more than 35 countries attending. Dominant themes of this year’s congress included the implementation and implications of the new covered bond directive, the continued growth of green covered bonds and the problems caused by increasingly negative yields. Coincidentally, the conference coincided with the announcement by the ECB of a new round of financing including more purchases under their quantitative easing programme and an expansion of the TLTRO facilities which provide a cost effective rival to the asset class.  

Many panels discussed the rapid growth of green and sustainable covered bonds. Although the technology underlying these is largely understood now there was considerable debate in several panels on topics including the definition of sustainable, as opposed to green, covered bonds, the potential of the underlying assets to contribute to the reduction in carbon emissions, in particular via the Eemap initiative and alternative financing tools that can contribute to climate goals, such as short term paper and ESNs. 

The ESN discussion – the application of covered bond technology to other asset classes – was another theme discussed extensively. Whilst some panellists pointed out that this was clearly an objective of the incoming Commission, a dedicated round table expressed some scepticism about the market need for such an instrument in particular in the light of the funding conditions for covered bonds as a result of the ECB’s purchase programme and the TLTRO programme. 
 
The implementation of the new covered bond directive was discussed at length on many panels and in one roundtable focussed on the technical details. Key themes that came up throughout the day included whether the 30 month implementation period was sufficient, the application of the equivalence rules for covered bond jurisdictions outside the European Economic Area and the use of the directive to help new jurisdictions develop their markets. 

The topic of new jurisdictions was, as ever a major talking point. Japan, Brazil and Romania were all newcomers since the last conference and there was considerable speculation about developments in other countries including the Baltic states, Malaysia and Bulgaria. A topic frequently considered in this context was the competing approaches of a covered bond law and the use of contract law as has been successfully demonstrated by SMBC. 

Overshadowing much of the day was the ECB’s announcement and the fact that this is likely to push the covered bond market to even deeper negative yields. The implications of this for the development of the market and for the investor base becoming increasingly technical in nature was a topic of concern to many speakers. 

Despite concerns about the yield environment, the covered bond market has returned to a period of growth in its core European jurisdictions to complement its increasing growth on a global scale. Its potential to support wider societal goals, the introduction of new technology and new asset classes ensured that the conference had a fundamentally upbeat theme. 

For sponsorship opportunities for the 2020 Congress, please contact: Andrew Walmsley, Head of Sales, Capital Markets: andrew.walmsley@euromoneyplc.com +44 (0) 20 7779 8043

For speaking opportunities in 2020, please contact: Emma Summers, Head of Covered Bonds Series: esummers@euromoneyplc.com +44 (0) 20 7779 8397

Speakers

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Keynote Speaker

Niek Allon

Chairman
European Covered Bond Council (ECBC)

Full Profile

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Keynote Speaker

Klaus Baader

Global Chief Economist
Societe Generale CIB

Full Profile

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Keynote Speaker

Ruth Beddows

Managing Director
GlobalCapital

Full Profile

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Keynote Speaker

Luca Bertalot

Secretary General
European Mortgage Federation and European Covered Bond Council (EMF ECBC)

Full Profile

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Keynote Speaker

Louis Hagen

Ceo
Muenchener Hypothekenbank

Full Profile

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Mehdi Abdi

Head Of Fixed Income
Actiam N.V.

Full Profile

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Reiner Back

Head of Fixed Income and FX
MEAG Munich ERGO AssetManagement GmbH

Full Profile

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Morten Baekmand nielsen

Head Of Investors Relations
Nykredit

Full Profile

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Stephane Bataille

Managing Director
Commerzbank

Full Profile

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Wolfgang Bauer

Senior Pm
Amundi Deutschland

Full Profile

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Joost Beaumont

Senior Fixed Income Strategist
ABN AMRO

Full Profile

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Jean-Claude Berthelot

Associate Director, EMEA Sales, Sustainable Finance Solutions
Sustainalytics

Full Profile

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Timo Böhm

Senior Vice President, Portfolio Management,
PIMCO Europe Ltd

Full Profile

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Elena Bortolotti

Global Head of Covered Bonds and Head of Structured Solutions EME
Barclays

Full Profile

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Iain Budge

Director, UK and Ireland FI Origination and Solutions
NatWest Markets

Full Profile

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Colin Chen

Managing Director
DBS Bank

Full Profile

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Cristina Costa

Senior Covered Bond Research Analyst
Societe Generale CIB

Full Profile

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Jose de Leon

Senior Vice President
Moody's Investors Service Espana, S.A

Full Profile

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Paul Deakins

Partner
Clifford Chance

Full Profile

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Jacques Dupuis

Porfolio Manager
Banque Internationale à Luxembourg SA

Full Profile

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Julien Duquenne

Director - Green Asset Originator
Natixis

Full Profile

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Max Ehrengren

Treasurer
Luminor Bank AS

Full Profile

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Florian Eichert

Head of Covered Bond and SSA Research
Credit Agricole CIB

Full Profile

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Lars Ekeland

Treasury
DNB

Full Profile

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Fritz Engelhard

Fundamental Credit Research - Emea
Barclays

Full Profile

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Antonio Farina

Senior Director
S&P Global Ratings

Full Profile

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Toby Fildes

Managing Editor
GlobalCapital

Full Profile

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Miguel Garcia de eulate

Head Of Treasury And Capital Markets
Caja Rural de Navarra

Full Profile

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Jacob Gilbert

Director
NatWest Markets

Full Profile

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Sami Gotrane

Managing Director
SFIL

Full Profile

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Peter Green

Head of Public Senior Funding & Covered Bonds
Lloyds Banking Group

Full Profile

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Helene Heberlein

Managing Director, Head of Covered Bonds
Fitch Ratings

Full Profile

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Krishan Hirani

Treasury Offical
Nationwide Building Society

Full Profile

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Sverre Holbek

Head of Financials Research
Danske Bank

Full Profile

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Tom Hyde

Director, HQLA Portfolio
Royal Bank of Canada

Full Profile

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Lars Jebjerg

Cfo
Danish Ship Finance

Full Profile

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Jennifer Johnson

Deputy Secretary General
EMF-ECBC

Full Profile

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Morten Keil

Head of Covered Bonds
Nordea

Full Profile

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Richard Kemmish

Senior Adviser
GlobalCapital Conferences

Full Profile

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Jacek Kubas

Associate Director
EBRD

Full Profile

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Thomas Lay

Head of EMEA Credit Flow Trading
Natixis

Full Profile

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Jennifer Levy

Covered Bond Analyst
Natixis

Full Profile

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Phil Lloyd

Head of Market Structure and Regulatory Customer Engagement
NatWest Markets

Full Profile

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Friedrich Luithlen

Head of DCM
DZ Bank AG

Full Profile

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Holger Mahncke

Treasury
UniCredit

Full Profile

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Jerry R Marlatt

Partner
Mayer Brown LLP

Full Profile

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James Marriott

Head of FIG DCM
NatWest Markets

Full Profile

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Agustin Martin Calmarza

Head of European Credit Research
BBVA

Full Profile

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Michael McCormick

Director, Debt Capital Markets
Credit Suisse

Full Profile

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Martin Mckinney

Senior Manager
Santander UK

Full Profile

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Matthias Melms

Head of Covered Bond and SSA Research
NORD/LB

Full Profile

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John Millward

Managing Director, Structured Finance
HSBC

Full Profile

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Wojtek Niebrzydowski

Vice President
CIBC

Full Profile

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Frank Nieresel

Senior Portfolio Manager
Swiss Life Asset Managers

Full Profile

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Jonas Offenhammer

Covered Bond Trader
Santander Corporate & Investment Banking

Full Profile

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Sergiu Oprescu

Executive President
Alpha Bank Romania

Full Profile

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Atsushi Ouchiyama

Senior Vice President
Sumitomo Mitsui Bankng Copr.

Full Profile

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Alberto Pisana

Portfolio Manager
AllianzGI

Full Profile

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Filipe F Pontual

Managing Director
ABECIP

Full Profile

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David Power

Vice President, Funding And Capital Management
Royal Bank of Canada

Full Profile

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Daniel Rauch

Portfolio Manager
Union Investment Privatfonds GmbH

Full Profile

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Felix Rieger

Head Of Section Management Third-party Portfolios
Deutsche Bundesbank

Full Profile

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Franz Rudolf

Managing Director, Head of Financials Credit Research
Unicredit Bank AG

Full Profile

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Owen Sanderson

Structured and Leveraged Credit Editor
GlobalCapital

Full Profile

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Patrick Seifert

Head of Primary Markets
LBBW

Full Profile

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Jane Soldera

Senior Vice President
Moody's Investors Service

Full Profile

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Michael Spies

Covered Bond Analyst
Citi

Full Profile

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Otmar Stöcker

Managing Director
Association of German Pfandbrief Banks

Full Profile

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Paulina Strugala

CEO
PKO Bank Hipoteczny S.A.

Full Profile

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Kristian Svendsen

Director - FIG Origination
LBBW

Full Profile

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Bill Thornhill

Covered Bond Editor
GlobalCapital

Full Profile

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Anthony Tobin

MD; European Head of DCM Syndicate & Frequent Borrower Origination
RBC Capital Markets

Full Profile

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Bjorn-jakob Treutler

Managing Director, Leiter Treasury
Deutsche Pfandbriefbank AG

Full Profile

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Alexander Ulrich

FI Origination
UniCredit Bank AG

Full Profile

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Bernd Volk

Director
Deutsche Bank

Full Profile

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Michael Weigerding

Vice President
Commerzbank AG

Full Profile

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Frank Will

Global Head Of Covered Bond Research
HSBC

Full Profile

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Bodo Winkler

Head of Funding and Investor Relations
Berlin Hyp AG

Full Profile

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Lucette Yvernault

Head of Systematic Fixed Income
Fidelity International

Full Profile

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Felix Zillmann

Funding and Investor Relations
Berlin Hyp AG

Full Profile

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