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)

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Keynote Speaker

Klaus Baader

Global Chief Economist
Societe Generale CIB

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Keynote Speaker

Ruth Beddows

Managing Director
GlobalCapital

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Keynote Speaker

Luca Bertalot

Secretary General
EMF-ECBC

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Keynote Speaker

Louis Hagen

Chairman
Muenchener Hypothekenbank and President, Association of German Pfandbrief Banks

Full Profile

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Mehdi Abdi

Senior Fixed Income Portfolio Manager
ACTIAM

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Reiner Back

Head of Fixed Income and FX
MEAG Munich ERGO AssetManagement GmbH

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Morten Baekmand Nielsen

Head of Investor Relations
Nykredit

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Stephane Bataille

Managing Director
Commerzbank

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Wolfgang Bauer

Senior PM
Amundi Deutschland

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Joost Beaumont

Senior Fixed Income Strategist
ABN AMRO

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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

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Colin Chen

Managing Director
DBS Bank

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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

Full Profile

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Paul Deakins

Partner
Clifford Chance

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Jacques Dupuis

Head of Investment Portfolio
Banque Internationale à Luxembourg SA

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Julien Duquenne

Director - Green Asset Originator
Natixis

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Max Ehrengren

Head of Treasury and ALM
Luminor

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Florian Eichert

Head of Covered Bond and SSA Research
Credit Agricole CIB

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Lars Ekeland

Treasury
DNB

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Fritz Engelhard

Head of Covered Bond and SSA Strategy
Barclays

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Antonio Farina

Senior Director
S&P Global Ratings

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Toby Fildes

Managing Editor
GlobalCapital

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Miguel Garcia de eulate

Head Of Treasury
Caja Rural de Navarra

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Jacob Gilbert

Vice President, Fi Syndicate
NatWest Markets

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Sami Gotrane

Managing Director
SFIL

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Peter Green

Head Of Public Senior Funding & Covered Bonds
Lloyds Bank

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Helene Heberlein

Managing Director
Fitch Ratings

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Krishan Hirani

Senior Manager
Nationwide Building Society

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Sverre Holbek

Senior Analyst
Danske Bank

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Tom Hyde

Director, HQLA Portfolio
Royal Bank of Canada

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Lars Jebjerg

Chief Financial Officer
Danish Ship Finance

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Jennifer Johnson

Deputy Secretary General
EMF-ECBC

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Morten Keil

Head of Covered Bonds
Nordea

Full Profile

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Richard Kemmish

Editorial Consultant
Euromoney Conferences

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Jacek Kubas

Associate Director
EBRD

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Thomas Lay

Head of EMEA Credit Flow Trading
Natixis

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Jennifer Levy

Director, Senior Covered Bond Analyst
Natixis

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Phil Lloyd

Head of Market Structure and Regulatory Customer Engagement
NatWest Markets

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Friedrich Luithlen

Head of DCM
DZ Bank

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Holger Mahncke

Portfolio Manager
UniCredit

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Jerry R Marlatt

Partner
Mayer Brown LLP

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James Marriott

Head of FIG DCM
NatWest Markets

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Agustin Martin Calmarza

Head of European Credit Research
BBVA

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Michael McCormick

Director, Debt Capital Markets
Credit Suisse

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Martin McKinney

Senior Manager
Santander UK

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Matthias Melms

Senior Director
NORD/LB

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John Millward

Managing Director, Structured Finance
HSBC

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Wojtek Niebrzydowski

Vice President, Global Term Funding, Treasury
CIBC

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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
SMBC

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

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Daniel Rauch

PM Covered Bonds
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

Md Head Of Fincl Credit Res
UNICREDIT BANK AG

Full Profile

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Owen Sanderson

Structured and Leveraged Credit Editor
GlobalCapital

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Patrick Seifert

Head of Primary Markets
LBBW

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Jane Soldera

Senior Vice President
Moody's Investors Service

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Michael Spies

Covered Bond Analyst
Citi

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Otmar Stöcker

Managing Director
Association of German Pfandbrief Banks

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Paulina Strugala

CEO
PKO Bank Hipoteczny S.A.

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Kristian Svendsen

Director - FIG Origination
LBBW

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Bill Thornhill

Covered Bond Editor
GlobalCapital

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Anthony Tobin

Managing Director, European Head of DCM Syndicate and Frequent Borrower Origination
RBC Capital Markets

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Bjorn-jakob Treutler

Managing Director, Leiter Treasury
Deutsche Pfandbriefbank AG

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Alexander Ulrich

Director - FI Origination
UniCredit

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Bernd Volk

Director
Deutsche Bank

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Michael Weigerding

Senior Analyst, Covered Bond Research
Commerzbank

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Frank Will

Global Head Of Covered Bond Research
HSBC

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Bodo Winkler

Head of Funding and Investor Relations
Berlin Hyp

Full Profile

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Lucette Yvernault

Head of Systematic Fixed Income
Fidelity International

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Felix Zillmann

Funding and Investor Relations
Berlin Hyp AG

Full Profile

Videos

Events, Articles and Videos that might interest you

Interview with Timo Böhm at The Euromoney / ECBC Covered Bond Congress 2019

18 October 2019 |

Timo Böhm, Senior Vice President, Portfolio Management, PIMCO Europe Ltd speaks to Euromoney Conferences on the sidelines of The Euromoney / ECBC Covered Bond Congress 2019.

Tags: Covered Bond

Interview with Lucette Yvernault at The Euromoney / ECBC Covered Bond Congress 2019

16 October 2019 |

Lucette Yvernault, Head of Systematic Fixed Income, Fidelity International speaks to Euromoney Conferences on the sidelines of The Euromoney / ECBC Covered Bond Congress 2019.

Tags: Covered Bond