Event name

The Euromoney/ECBC North America Covered Bond Forum 2019

04 June 2019
Toronto, Canada

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
LOGO - GlobalCapital - 1st Tier - DO NOT USE

Lead Sponsors

LOGO - Mayer Brown - 1st Tier - DO NOT USE
LOGO - NORDLB - 2nd Tier - DO NOT USE
LOGO - RBC Capital Markets - 1st Tier - DO NOT USE
LOGO - TD - 2nd Tier - DO NOT USE

Event Overview

The Euromoney North American Covered Bond Forum attracted  issuers, investors and intermediaries to Toronto to discuss the state of the Canadian covered bond market, prospects for a US market and some key recent developments in the global stage for covered bonds.

The week before the conference, the Canadian regulator OSFI, changed the rule limiting covered bonds to 4% of their total balance sheet which stimulated a lot of discussion, in particular on the implications for new issuers from the second tier of Canadian banks.

Panels during the day sought to put the use of covered bonds in Canada into context from both investors and issuers perspectives relative to other funding tools such as securitizations and senior debt, in particular given the recent introduction of bail-in rules for domestically significant banks (D-SIBs) and the need to build up buffers of bail-in-able debt.

The possibility of issuance from the USA is an ever present topic. In an ‘oxford union’ style debate on this the audience decided overwhelmingly that there should not be a covered bond law there, although it was clear that this would depend heavily on the administration’s plans for the return to the private sector of the federal mortgage agencies and therefore the need for alternative home loan financing tools.

After lunch, keynote speaker Luca Bertalot of the European Covered Bond Council outlined the fundamental changes to the covered bond market as a result of the recent covered bond directive and its implications for Canadian issuers.

The final panel of the day looked at the role of covered bonds and fixed income markets more generally in furthering socially responsible investing. The panel contrasted the use of social metrics as risk management tools or as desirable outcomes in their own right, between the use of covered bonds and securitisations and between the approaches in Canada, the US and Europe. The fact that the socially responsible investment sector is clearly growing, as is the mainstream covered bond sector in Canada thanks to the new issuance rules, was a suitably positive and forward looking topic on which to close to the conference. 

Euromoney Conferences would like to thank our co-host, the ECBC, and all of our sponsors for their support of the 2019 forum.

Speakers

Speaker image
Keynote Speaker

Hilliard MacBeth

Author
When the Bubble Bursts – Surviving the Canadian Real Estate Crash

Full Profile

Speaker image
Keynote Speaker

Ruth Beddows

Managing Director
GlobalCapital

Full Profile

Speaker image
Keynote Speaker

Luca Bertalot

Secretary General
EMF-ECBC

Full Profile

Speaker image

Lisa Bozzelli

Director, Multi Family Capital Markets
Fannie Mae

Full Profile

Speaker image

Tim Charron

Vice President and Treasurer
Equitable Bank

Full Profile

Speaker image

Nalini Feuilloley

Head of Canada
UN - Supported Principles for Responsible Investment (PRI)

Full Profile

Speaker image

Brooke Hales

Treasury and Balance Sheet Management
TD Bank Group

Full Profile

Speaker image

Marty Halpin

Director
HSBC Bank Canada

Full Profile

Speaker image

William Henry

Vice President
Manulife Financial

Full Profile

Speaker image

Jennifer Johnson

Deputy Secretary General
EMF-ECBC

Full Profile

Speaker image

Richard Kemmish

Editorial Consultant
Euromoney Conferences

Full Profile

Speaker image

Andy Kochar

Portfolio Manager
AGF Investments

Full Profile

Speaker image

Jerry R Marlatt

Partner
Mayer Brown LLP

Full Profile

Speaker image

Greg McDonald

Origination & Syndication
TD Securities

Full Profile

Speaker image

Matthias Melms

Senior Director
NORD/LB

Full Profile

Speaker image

David Power

Vice President, Funding And Capital Management
Royal Bank of Canada

Full Profile

Speaker image

Vivek Selot

Credit Analyst - Financials, Real Estate
RBC Capital Markets

Full Profile

Speaker image

John Shaw

Vice President
Signature Global Asset Management

Full Profile

Speaker image

Lily Shum

Covered Bond Advisor
Canada Mortgage Housing Corporation

Full Profile

Speaker image

Patrick Steeg

Managing Director, Head of Asset and Liability Management, Treasury
Landesbank Baden-Württemberg

Full Profile

Speaker image

Bill Thornhill

Covered Bond Editor
GlobalCapital

Full Profile

Speaker image

Shelley Tom

Senior Director, Global Term Funding
CIBC

Full Profile

Speaker image

John van Boxmeer

Vice President
CIBC Asset Management

Full Profile

Speaker image

Olesya Zhovtanetska

Senior Director, Public Fixed Income
Sun Life Investment Management

Full Profile

Videos

Events, Articles and Videos that might interest you

Always waiting

14 May 2019 | Richard Kemmish

Optimists have been predicting growth in the dollar covered bond market for years. Why have they been so consistently wrong? And what will make them right?

Tags: Covered Bond

The Euromoney/ECBC North America Covered Bond Forum 2019 - What to expect

10 May 2019 | Euromoney Conferences

The Euromoney/ECBC North America Covered Bond Forum will bring together domestic and international investors with issuers and prospective issuers of covered bonds to discuss the next stage in the development of the Canadian covered bond market and the creation of new markets for the product elsewhere in the Americas.

Tags: Covered Bond