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.
Keynote Speakers Confirmed
Sandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency (FHFA)
On the occasion of the European Covered Bond Council’s first ever Plenary meeting outside Europe, Euromoney Conferences and the ECBC will jointly host a North America Covered Bond Forum on Thursday 19 April 2018.
Covered bonds are increasingly a global product with issuers and investors frequently coming from outside the products traditional European home. European regulators have recognised the performance of the asset class for many years via prudential treatment for covered bonds, and now the Basle Committee has also recommended preferential treatment. This is both a sign of and catalyst for further globalisation of the asset class. With the end of the purchase programme coming to a head, it is now time to look at the potential in the US$ market.
Taking place this week, the event will discuss the prospects for a resurgence in US $ denominated issuance, the future development of the Canadian market both domestically and off-shore and the implications of the globalisation of the asset class on issuance prospects.
The forum will be highly interactive with panel discussions and roundtables covering topics such as the possibility for EU recognition of Canadian bonds, looking at developing the domestic investor base in Canada and whether the market will expand. We will be examining whether US $ covered bonds are having a comeback through considering who the investors are and where they have room to grow, and also whether issuers are doing enough for investor’s needs.
The event will provide an invaluable opportunity to meet with issuers, rating agencies and law firms along with the key US and Canadian investors in covered bonds and regulators from Canada and abroad.
With so much to discuss in this exciting and prosperous market, The Euromoney/ECBC North America Covered Bond Forum is the ideal meeting point for all those in the covered bond community.
See below the complete list of confirmed speakers.
For more details on the sponsorship opportunities available for the event, please contact Andrew Lennon on +44 20 7779 8043 / email@example.com. For speaking opportunities, please contact Camilla Baines on firstname.lastname@example.org.
ECBC Plenary Meeting
The 27th ECBC Plenary meeting will take place in Vancouver, Canada on 18 April 2018, the day before the Euromoney/ECBC North America Covered Bond Forum also in Vancouver.
The ECBC Plenary meetings are key covered bond bi-annual networking events. They gather more than 300 participants including key decision makers from the covered bond industry, issuers, investors, government & regulatory officials at both national and EU level, rating agencies, journalists, etc. from over 35 covered bond jurisdictions.
Please visit the ECBC’s webpage for the latest details - https://hypo.org/ecbc/event/ecbc-plenary-meeting-vancouver-canada/
Please note that this event is only open to ECBC members and guests invited by the EMF-ECBC Secretariat.
Covered Bonds 101
Unsure what a covered bond is? Not to worry because over the next 5 weeks Richard Kemmish, Editorial Consultant at Euromoney Conferences will delve into the nitty gritty details of the covered bond market over 10 serialised blog posts. Read the latest post now:
Part 1: What isn't a covered bond? "It’s ok. You’ve got an excuse for not knowing much about a $3.2 trillion housing finance market – its all European issuers selling euro denominated bonds to European investors, right? Half right..." Read more here.
Part 2: Rates or Credit? "Covered bonds are issued by private sector banks without any kind of government guarantee. So why do most investment banks deal them off their rates desks? Here are four good reasons..." Read more here.
Part 3: What Law? "The problem with Europe….ok, one of the problems, there are many…is that we have laws at two different levels. There are the national laws in each member state of the European Union (it's politically incorrect to call them countries now..." Read more here.
Part 4: Let's talk about assets. "When we talk about covered bonds we usually talk about residential mortgages. It’s the only asset in the pool in most countries – 19 countries in Europe don’t use any other assets. There are plenty of good reasons for that but…" Read more here.
Part 5: What about the other assets? "OK, so I might have slightly simplified it when I said that covered bonds only funded mortgages and public sector receivables. So here is the run down on everything else…" Read more here.
Part 6: Future assets. "Just when you thought I’d forgotten my promise a couple of posts ago to talk about it, a few thoughts on why it matters that some people think covered bond assets are defined by one set of characteristics and some people…" Read more here.
Part 7: Lawyer's bills. "My favourite line in the whole of Shakespeare? It has to be from the not so well known Henry the Sixth part 2 when a mob is destroying London in protest at the out of touch rulers (modern populism has long antecedents). One of the rioters shouts “Let’s kill all the lawyers... " Read more here.
Part 8: Special public supervision. "Shall we take a step back? In very general terms, why are banks supervised? To protect creditors? To protect deposit insurance schemes – the FDIC (yours) or the EDIS (ours)? To ensure financial stability? To protect wider economic growth?" Read more here.
Part 9: Bullet bonds/amortising assets. "A few posts ago I touched on the topic of so called ‘soft bullet’ covered bonds. The fact that covered bonds are bullet maturities with no call optionality is so key to their value proposition that I probably need to go into this in a bit more detail..." Read more here.
Part 10: Why are covered bonds going global? "I’m asked a lot of questions about covered bonds – its what I do for a living. But the biggest outlier of all is, why is the European Covered Bond Council meeting in Vancouver?" Read more here.