Baltic Covered Bonds

Wednesday, November 7, 2018

November 2018

Baltics Covered Bonds

Tallinn, 7 November 2018

Briefing

Baltic Covered Bonds

A New Asset Class

thursday, November 08, 2018
merchant taylors' hall, london

Baltic Covered Bonds

A New Asset Class
Wednesday, November 7, 2018
November 2018
Hilton Tallinn Park
Tallinn

Baltic Covered Bonds

A New Asset Class

Wednesday, November 7, 2018
November 2018
Hilton Tallinn Park
Tallinn

Baltic Covered Bonds

A New Asset Class

Wednesday, November 7, 2018
November 2018
Hilton Tallinn Park
Tallinn

Baltic Covered Bonds

A New Asset Class

Wednesday, November 7, 2018
November 2018
Hilton Tallinn Park
Tallinn

Baltic Covered Bonds

A New Asset Class

Wednesday, November 7, 2018
November 2018
Hilton Tallinn Park
Tallinn

Baltics Covered Bonds

Tallinn, 7 November 2018

A stellar line up of guest speakers have been confirmed for our interactive Banking and Covered Bonds briefing. At this event our analysts alongside the prominent guest speakers will discuss the development of new pan-Baltic covered bonds and the latest developments in the Baltic banking systems.

Book your complimentary seat to engage with our analysts and network with your peers,investors, issuers and credit analysts, and get involved with the discussion on the trends that will affect the Baltic banking and covered bonds market.Delegates are invited to attend free-of-charge subject to advance registration

Agenda

08.30  - 09.00  Registration and Refreshments

09.00 - 09.10  Welcome Remarks

Piotr Janczak, Vice President – Moody’s Head of Relationship Management, CEE

09.10 - 09.25  Banking – Sector Credit Trends and Outlook

Jean-Francois Tremblay, Associate Managing Director, Moody’s Financial Institutions Group       


09.25 – 09.40  Characteristics of Covered Bonds

  • Past performance
  • Future regulation
  • Rationale for issuers and investors
Alexander Zeidler, Vice President - Senior Credit Officer, Moody’s Structured Finance Group

09.40 – 10.20  How to Build a Covered Bond Market:  Investor Perspective

  • Covered bonds in a time of liquidity - why do I need them?
  • Who cares? Building a consensus of stakeholders
  • Objections – who might oppose covered bonds and what can address their concerns?
  • Bespoke or off the peg? Tailoring the product to national needs
Richard Kemmish, Consultant, Richard Kemmish Consulting Ltd.
Jacek Kubas, Principal, European Bank for Reconstruction and Development     

10.20 – 11:00  Rationale and Potential of a Baltic Covered Bond Market:  Issuer Perspective

Moderator: Jean-Francois Tremblay, Associate Managing Director, Moody’s Financial Institutions Group
Panellists:
Tomas Hedberg, Senior Vice President, Head of Group Treasury, Swedbank
Max Ehrengren, Head of Treasury & ALM,  Luminor
Jacek Kubas, Principal, European Bank for Reconstruction and Development
Niclas  Boheman, Assistant Vice President - Analyst, Moody’s Financial Institutions Group
Alexander Zeidler, Vice President - Senior Credit Officer, Moody’s Structured Finance Group

11.00 – 11.20  Refreshment Break      

11.20 – 11.40  A Great Chance for a Small Country - Developing a Covered Bond Framework in Estonia

  • Estonia’s  long way to covered bonds
  • Features of the Estonian draft law
  • How do the developments on EU level influence the drafting process in Estonia
  • Pan-Baltic cooperation for developing a common covered bond market
Kaarel Eller, Lawyer, Estonia’s Ministry of Finance

11.40 – 12.20  The Future of Banking and Covered Bonds in the Baltics

Moderator: Jean-Francois Tremblay, Associate Managing Director, Moody’s Financial Institutions Group
Panellists:
Vilma Mačerauskienė, Deputy Director, Financial Markets Policy Department, Lithuania’s Ministry of Finance
Kaarel  Eller, Lawyer, Estonia’s Ministry of Finance
Imants Tiesnieks, Senior Expert, Financial Markets Policy Department, Latvia’s Ministry of Finance
Richard Kemmish, Consultant, Richard Kemmish Consulting Ltd.
Niclas  Boheman, Assistant Vice President - Analyst, Moody’s Financial Institutions Group
Alexander Zeidler, Vice President - Senior Credit Officer, Moody’s Structured Finance Group

12.20 – 12.40  How does Moody’s rate a Bank?

  • Macro-prudential considerations
  • The intrinsic strength of a bank
  • Loss given failure analysis
Niclas  Boheman, Assistant Vice President - Analyst, Moody’s Financial Institutions Group

12.40 - 13.00  How does Moody’s rate Covered Bonds?

  • Assessing the credit risk
  • Published key credit risk indicators
  • Market overview: Robustness of covered bond programmes
Alexander Zeidler, Vice President - Senior Credit Officer, Moody’s Structured Finance Group       

13:00 - 13:05  Closing Remarks

Piotr Janczak, Vice President – Moody’s Head of Relationship Management, CEE

13.05 – 14.00  Lunch

Speakers

Moody's Speakers

Niclas Boheman

Assistant Vice President - Analyst

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Assistant Vice President - Analyst

Niclas Boheman

Niclas Boheman, based in London, is Moody’s lead analyst on a number of financial institutions in the Nordics and Baltics.

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Alexander Zeidler

Vice President – Senior Credit Officer

Structured Finance Group

Moody's Investors Service

Moody's Investors Service

Structured Finance Group

Vice President – Senior Credit Officer

Alexander Zeidler

Alexander Zeidler is a Senior Credit Officer at Moody’s in London. He joined Moody’s in January 2006 focusing on Commercial Real Estate Finance. Alexander is lead analyst for several covered bonds with a focus on Austria and the Nordics.

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Jean-Francois Tremblay

Associate Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Associate Managing Director

Jean-Francois Tremblay

Jean-Francois Tremblay (J-F) is Associate Managing Director for the Financial Institutions Group (FIG). Based in London, J-F manages a team of analysts covering over 100 banks domiciled in 20 countries across Europe and Africa. J-F brings a wealth of experience in banking and emerging market credit analysis and research. Prior to joining the EMEA team in London in 2015, J-F was based in Singapore since 2012, managing Moody’s credit team covering banks and finance companies in South and Southeast Asia.

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Further information

Any questions please contact:

Janette Niccolls

Assistant Director - Events & Outreach

janette.niccolls@moodys.com