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Relaunching securitization in the EU: priorities and expected benefits

Relaunching securitization in the EU: priorities and expected benefits

Day 3 Morning

Friday 13 September

Room :

ROOM 1

Speakers

Chair
Christian Noyer
Honorary Governor, Banque de France -
Public Authorities
Alžběta Pazderkova
Head of Capital Market Unit - Ministry of Finance, Czech Republic
Kaustub Samant
Principal, Head of Mortgage Credit Research - PGIM Fixed Income
Rupert Schaefer
Chief Executive Director Strategy, Policy and Control - Federal Financial Supervisory Authority, Germany (BaFin)
Nadine Wiedermann-Ondrej
Deputy Director General for Financial Market Regulation - Federal Ministry of Finance, Austria
Industry Representatives
Patricia Bogard
Head of Public Affairs - Crédit Agricole CIB
Françoise Gilles
Group Chief Risk Officer - AXA Group
Other stakeholder & expert
Alexander Batchvarov
Managing Director and Head of International Structured Finance Research - Bank of America

Objectives

The session will aim to identify the main barriers to the EU securitisation market, including potential hidden risks and regulatory constraints, and discuss possible policy priorities for developing securitisation. The session will also seek to highlight the potential economic value of securitisation for the EU, explore its role in cross-border risk sharing and its contribution to investment diversification.

More generally, the discussion will focus on how to build a political consensus on the role of the securitisation market and related regulatory measures, working on how to tackle the persistent stigma attached to it, and the role of securitisation in meeting the EU’s current investment needs. In this perspective the panellists will draw on the diverse existing proposals.

Points of discussion:

  • What are the main barriers hindering the EU securitisation market? What are the root causes of the current desapointing situation?
  • What are the main proposed adjustments to the EU securitisation regulation, including transparency, solvency, and capital charge aspects. What structural changes could boost market growth and securitisation’s role within the EU’s financial framework?
  • What are the key success factors to develop consensus in the regulator and political spheres regarding securitisation?