Virtual Event

 

21 - 22 October 2020

25+ Speakers

Leading figures in the Risk Transfer Sector

Register to secure your place today

SCI's 3rd Annual NPL Securitisation Seminar is going virtual for 2020


Event Hubb will go live at 09:00 AM Central European Time (CET). Registrants will be able to connect with sponsoring firms, view exhibits, watch live or on-demand content as well as connect and meet with fellow attendees.

Introduction

Join SCI for the 3rd Annual NPL Securitisation Seminar

SCI's 3rd Annual NPL Securitisation Seminar, kindly hosted by Orrick, will take place in Milan, the heart of the global NPL sector. This unique seminar - the only event in the industry dedicated to discussion around securitisation of NPLs - an opportunity for key investors, issuers and service suppliers to gather and add depth to discussions around European NPL portfolios, the regulatory treatments of such securitisations and the benefits of this technology as an exit mechanism.

The volume of non-performing loans on European bank balance sheets is expected to increase due to Covid-19 stress and securitisation is recognised by policymakers as key to enabling these assets to be disposed of. SCI’s NPL Securitisation Seminar explores the impact of the coronavirus fallout on performance and issuance, as well as on pricing assumptions, servicing and workout trends across the European market. Together with recent regulatory developments, the event also examines the establishment of an asset protection scheme in Greece and the emergence of Spanish NPL ABS.

Registration is now open


SCI subscribers will offered a 20% discount on all single tickets.

To get your discount code please email David Zaher: dz@structuredcreditinvestor.com

Delegate rates:
Please choose your ticket by clicking on one of the options from the list below before registering.

Cost per Delegate

MOST POPULAR
live only: single ticketlive + on demand: single ticketlive + on demand: multi ticketlive + on demand: multi ticket
August (save 20%)£468£558£335£223
September (save 10%)£527£627£376£251
October£585£697£418£279
5 passes save 40%10 passes save 60%

Gold Sponsor

Agenda

  • 21 October
  • 22 October

Speakers

Registration is now open


SCI subscribers will offered a 20% discount on all single tickets.

To get your discount code please email David Zaher: dz@structuredcreditinvestor.com

Delegate rates:
Please choose your ticket by clicking on one of the options from the list below before registering.

Cost per Delegate

MOST POPULAR
live only: single ticketlive + on demand: single ticketlive + on demand: multi ticketlive + on demand: multi ticket
August (save 20%)£468£558£335£223
September (save 10%)£527£627£376£251
October£585£697£418£279
5 passes save 40%10 passes save 60%

Francesco Di Costanzo

Investment Manager
Hoist Finance

Romina Rosto

Managing Director
Societe Generale
Romina is in charge of the Advisory team within the Asset Backed Products group of Société Générale.
She joined SG in September 2006, after 5 years with Banca Intesa.
She has been involved in NPL dismissals, public and private securitisations, in different jurisdictions and on various asset classes (inter alia NPL ABS, RMBS, SME ABS, leasing, consumer ABS, auto loans, healthcare receivables).
Romina holds a degree in Economics Cum Laude from Bocconi University. After the degree, she has conducted research activity for 1 year in the area of corporate finance for the same university.

21 October

Enrica Landolfi

Head of ABS Origination
HSBC
Head of ABS Origination for Continental Europe and Structured Finance for Italy

A 15- year veteran in HSBC holding different positions, Enrica Landolfi is currently head of ABS Origination for Continental Europe and Structured Finance for Italy.

With extensive experience in debt capital markets and structured finance field, she currently looks after the origination of public ABS and co-ordinates the activities in the non-performing loans financing space within EMEA as well as the coverage of all structured finance in Italy.

During her career, she has participated in the structuring and origination of more than 50 transactions backed by various asset classes such as consumer, automotive, mixed portfolio of secured and unsecured loans and non-performing loans.

Enrica is an Italian qualified lawyer with a degree in Law with distinction by the University of Naples. Moreover, she holds a Master of International Commercial Law from the University of Kent at Canterbury.

21 October

Gordon Kerr

Senior Vice President, Head of European Research
DBRS Morningstar
‘Gordon Kerr heads European Structured Finance Research at DBRS Morningstar. He publishes commentary and insight on all aspects of securitised and covered bond investing and keeps the market up to date on issues facing securitisation in Europe. Prior to DBRS Morningstar, Gordon spent 9 years in research and trading at Citi, covering securitised products, covered bonds and corporate credit. Gordon is a graduate of the Schulich School of Business in Toronto, Ontario, Canada, where he obtained a Masters in Business Administration. He also holds a science degree from Acadia University.

Biagio Giacalone

Head of Department
Intesa Sanpaolo
Biagio Giacalone – Head of Department, Active Credit Portfolio Steering

In over 24 years of work experience, Biagio has consolidated strong expertise in structured finance and capital markets activities. In this respect, he has been involved in several major transactions structured in the Italian market, including NPLs disposals. He managed the relationship with the top management of key corporate and institutional clients, contributing to the development of products and innovative financial solutions.
Currently, Biagio is Head of Active Credit Portfolio Steering Head Office Department at Intesa Sanpaolo, reporting directly to the Group CFO. In this function, he is responsible, at Group level, for credit portfolio management, credit strategies and NPL Plan activities.
Previously, he set up and developed the Credit Solutions Group at Banca IMI with the aim of building a centre of excellence for the structuring and management of the credit risk activities. The team has consolidated over the years results and leadership on the Italian market for securitization and transfer of illiquid risks. Prior to joining Banca IMI, Biagio has been Head of Business Development at Sanpaolo IMI and before Head of FIG - DCM at UniCredit. He started his career at Banca Commerciale Italiana as the originator and senior structurer for asset based finance transactions and credit derivatives trades, after a 3 year training period for highly potential professionals.
He graduated magna cum laude in Banking and earned an MBA at Stoà (ASFOR - Sloan School of Management - MIT, Programme).

21 October

Edward J. O'Brien

Advisor
European Central Bank
Edward J. O’Brien has been an Adviser in the Directorate General Macroprudential Policy and Financial Stability at the European Central Bank (ECB) since 2014. He has wide-ranging responsibilities, supporting the Directorate General's senior management in the day-to-day functioning of the area, whilst also participating in or coordinating work-streams on topical macroprudential and financial stability issues. Most recently, this has included leading an ECB big data project on securities financing transactions data, and providing substantial policy input to the EU Council’s action plan on non-performing loans.
He played a key role in the preparations for the establishment of the SSM in the euro area, in particular the ECB’s Comprehensive Assessment of 130 banks, and gained wide-ranging crisis management experience through his role in financial sector work for EU/IMF financial assistance programs in a number of euro area countries.
He received his Ph.D. from the University of Dublin, Trinity College, where he was an IRCHSS Government of Ireland Scholar.

Massimo Famularo

Managing Director, Head of Italian NPLs
Distressed Technologies
Massimo has a long experience in Investment Management with a focus on distressed assets [https://www.linkedin.com/in/massimofamularo/]

He is actually Head of Italian NPLs at Distressed Technologies, one of the leading Analytics and Pricing advisors for NPL buyers in Italy, and Board Member at Frontis NPL, a special servicing company with a focus on Large Ticket Secured NPL.

His previous experience includes being in charge of Cariparma Credit Agricole NPL Department (3 offices 30 FTEs 2.5Bn under management), portfolio management for Jupiter Finance (now Cerved Credit Management), portfolio Analytics for Archon Group Italia (A Goldman Sachs affiliate) and management consulting for Oliver Wyman. Since 2009 he is member of GLG Council.

Massimo holds a BA in Economics with honours from Luiss University in Rome, has been winning solver of Innocentive Challenge: “Systems to Monitor Institutional Corruption” and has a Blog on FattoQuotidiano.it and a professional Blog and Linkedin Group [https://mfamularoenglish.wordpress.com/].

Marco Angheben

Head of Business Development & Regulatory Affairs
European DataWarehouse
Marco joined European DataWarehouse GmbH (ED) as Director Business Development in January 2013. ED was created by a diverse set of shareholders in June 2012 as a result of the European Central Bank ABS Loan-level Data Initiative. ED is a repository where institutions upload their data and information in an open, transparent and trusted environment for public and private ABS, covered bonds, ACC, NPL and whole loan portfolios. Institutional data users such as investors can access aggregate information, loan level data and documentation in a systematic manner via web, cloud or API. ED operates as a utility providing a range of products and services.
Previously, Marco coordinated with a team of advisors the implementation of the ECB ABS Loan-level Initiative at LCM Partners. He holds a degree in Economics at Ca' Foscari University in Venice.

21 October

Societe Generale

Welcoming Note

09:30 AM 09:35 AM

SCI

Opening Remarks

09:35 AM 09:40 AM

MARKET OVERVIEW

09:40 AM 10:35 AM

Panel kindly sponsored by  

An overview of how the Covid-19 pandemic is impacting European non-performing loan activity and ABS issuance volumes across the major jurisdictions. How has the coronavirus fallout affected pricing assumptions and secondary market activity? Do technology and data have roles to play in the market’s recovery?

Panel includes:
Romina Rosto - Societe Generale
Enrica Landolfi - HSBC
Biagio Giacalone - Intesa Sanpaolo






Speakers

Break

10:35 AM 11:05 AM

REGULATORY DEVELOPMENTS

11:05 AM 12:00 PM

A discussion of recent NPE regulatory and legislative developments, including the EBA’s opinion on CRR constraints, the Basel Committee’s consultation on NPL securitisation and the European Commission’s ‘quick fix’ proposals regarding NPL risk retention and capital treatment. What impact are the ECB/EBA/ESMA NPL templates having on portfolio sales and securitisation? Is the European Parliament’s secondary market directive facilitating increased liquidity and investor participation? What are the prospects for NPL significant risk transfer deals?

Panel includes:
Marco Angheben, European DataWarehouse

Speakers

Lunch & Networking Break

11:25 AM 12:25 PM

SERVICING

12:25 PM 01:20 PM

This panel examines the importance of sourcing relationships and the rise of strategic partnerships, including joint ventures. What is driving consolidation across servicers and what benefits does this bring? How much of a constraint is servicing capacity and supply of talent to the development of the NPL market?

Panel includes:


NPL SECURITISATION

09:30 AM 10:25 AM

A focus on the GACS and Hercules guarantee schemes. Can NPL securitisations be executed economically without such schemes? Are ReoCos and LeaseCos likely to become more widespread? How have rated NPL securitisations performed and are ERC curves catching up with reality?

Panel includes:
Francesco Di Costanzo - Hoist Finance
Gordon Kerr - DBRS Morningstar

Break

10:25 AM 10:55 AM

Keynote Fireside Chat

10:55 AM 11:25 AM

Edward J. O'Brien -European Central Bank

Break

11:25 AM 11:55 PM

INVESTMENT TRENDS

11:55 AM 11:59 PM

This panel explores emerging NPL opportunities, including the rise of non-performing real estate leases and Spanish securitisation issuance. How is the UTP loan market progressing? Which new pockets of value are likely to appear in 2020?

Panel includes:
Massimo Famularo - Distressed Technologies