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Welcome to The Finance Dublin International Securitisation Conference website

Date for your diary :... 26th - 27th November 2007, Dublin

The Finance Dublin Securitisation Conference 2006

Day 2 - 29th November 2006

Return to Day 1 conference programme
Time Slot Event Speakers
08:30 Registration   
08:50 Chairman's opening remarks  Vincent Reilly, Partner, Financial Services Audit, KPMG 
09:00 KEYNOTE ADDRESS 4: CREDIT MARKET TRENDS AND OUTLOOK - WAITING FOR A TURN
* Credit markets at Crossroads: To cycle or not to cycle?
* Credit quality: Deterioration or mean reversion
* Credit fundamentals vs market imbalances
* Traditional triggers for turning points and their relevance today
* Basel II: Is it priced in now?
* Hybrid financial instruments coming of age
* Credit markets and hedge funds: Liaison dangereuse?

 
Georg Grodzki, Global Head of Credit Research, Legal & General 
09:20 PANEL IV: STRUCTURED FINANCE INVESTMENT ISSUES
* Structured finance in fixed income context
* The high yield rationale; global high yield
* What investors liked in 2006
* Investing in CDO equity
* The markets with the best arbitrage; cash flow or market value?
* CDOs - managed versus static eals
* Performance measures and benchmarks
* Collateral managers perspectives 
Moderator: Markus Herrmann, Head of Global ABS Strategy, HSBC Bank plc
Iain Barbour, Managing Director, MBIA UK Insurance Limited
Alex Cataldo, Vice President, Senior Credit Officer, Moody's Investor Services Ltd.
William Davies, VP International Structured Product Research, Merrill Lynch 
10:10 KEYNOTE ADDRESS 5: TRENDS IN RELATIVE VALUE/YIELD ENHANCEMENT
* European ABS indices – not yet the success story seen in the US: when will investors start to use them to benchmark or to hedge their own portfolios?
* A perspective on ABS performance metrics - the best and least well-performing sectors 
Rob Ford, Head of European ABS trading, Barclays Capital and Co-Chair, the European Securitisation Forum (ESF) Traders Working Group 
10:30 Refreshment break
Sponsored by MARSH 
 
10:50 PANEL V: TRADING PANEL – EVER INCREASING TRADING EFFICIENCY AND TRANSPARENCY
* Spread compression as we head towards Basel; impact of Basel II
* Conduits - what correlation desks are doing now
* Liquidity - what factors impact it?
* New technology and the secondary market
* Assessing Relative Value: purchasing in the primary versus the secondary market
* Improving transparency and increasing frequency in ABS/MBS pricing
* Developing the use of ABS/MBS as collateral for repo purposes
* Whole loan trading expectations regarding distressed debt; whole loan trading, non performing sector 
Moderator: Rob Ford, Head of European ABS trading, Barclays Capital and Co-Chair, the European Securitisation Forum (ESF) Traders Working Group
Patrick Coleman, Managing Director, Depfa
Fraser Malcolm, Managing Director and Head of ABS Syndicate and Trading, Capital Markets, Dresdner Kleinwort
Caroline Wharton, Senior Manager, Credit & Investments, Naspa Dublin 
11:40 KEYNOTE ADDRESS 6: INNOVATIONS AND DEVELOPMENTS FOR 2006 AND LOOKING INTO THE CRYSTAL BALL FOR 2007  William Davies, VP International Structured Product Research, Merrill Lynch 
12:00 PANEL VI: ISSUANCE TRENDS – ISSUER AND INVESTOR PERSPECTIVES
* Latest developments affecting issuers: market conditions, tax and accounting, regulation
* Market statistics
* Role of fixed income and securitisation in issuers' strategies
* Management costs in CDO deals
* Impact of economic situation, inflation and interest rates on the structure
of deals
* ABCP options for issuers 
Moderator: Mark Bowles, Head of Fixed Income Investment Portfolios Group, HVB Corporates & Markets
Cathal Gilmartin, Associate Director, Structured Credit, Bank of Ireland Corporate Banking
Conor Hurley, Partner, Head of Tax Group, Arthur Cox
David Owens, Director - Securitisation, ING 
12:40 KEYNOTE ADDRESS 7: Overview of the Irish SPV market
* Recent changes in legislation
* Types of transactions
* What does Ireland offer?
* Recommendations for growth 
Turlough Galvin, Partner, Matheson 
13:00 Lunch sponsored by
Ernst & Young 
 
14:00 PANEL VII: IRELAND – DEVELOPMENTS IN 2006 AND 2007 AS AN INTERNATIONAL SECURITISATION CENTRE
* Overview of Irish developments as seen by the ISF
* "Building on Success" - relevance to Irish securitisation industry
* Developments in Irish issuance:
- Risk Securitisation - post reinsurance Directive (SPRV's)
- Emerald Programme; Regulatory capital/funding: the changing rational for issuers post Basel II
- Start Mortgages



 
Moderator: Deirdre Somers, Director of Listing, Irish Stock Exchange and Chair, Irish Securitisation Forum
Deirdre Barry, Head of Treasury, Start Mortgages
John Larkin, Partner, Head of Insurance Unit, William Fry and Chairman of An Taoiseach's IFSC Insurance Group
Deirdre Lyons, Head of Financial Services, IDA Ireland
Mark Whelan, Senior Manager, Capital Markets & Investor Relations,, EBS Building Society 
14:45 PANEL DEBATE VIII: ROLE OF IRELAND IN THE COVERED BONDS MARKET
* Developments in the Irish Covered Bonds market
* Regulatory updates – implications of updates in the Asset Covered Securities Act 2001
* Opportunities for growth 
Moderator: Julia Hoggett, Global Head of Capital Markets, Depfa Bank plc
Massimo Catizone, Assistant Vice President-Analyst, Moody's Investors Service
Vincent Digby, Head of Funding, Bank of Ireland
Fritz Engelhard, Director, European Fixed Income Strategy, Barclays Capital
David Barry, Manager, Global Treasury - AIB 
15:30 Refreshment break   
16:00 KEYNOTE ADDRESS 8: Irish and International ABS investors
* An analysis of the changing profile of investors globally
* Irish Investors – and the growth of the industry in Ireland 
Dermot Hardy, Head of Treasury, Aareal Bank AG, Dublin Branch 
16:20 PANEL IX: SERVICING STRUCTURED FINANCE STRUCTURES – REGULATORY, ACCOUNTING AND CHOICE OF JURISDICTIONS

 
Moderator: Julian Reddyhough, Managing Partner, Maples and Calder
Darina Barrett, Audit Partner, Financial Services, KPMG
PJ Henehan, Tax Partner, Financial Services Group, Ernst & Young
Martin Reilly, Audit Partner, Financial Services, Deloitte
Philip Shinn, Chartered Accountant, Nexgen Financial Solutions 
17:10 PANEL X: REINSURANCE/INSURANCE STRUCTURED FINANCE
* Insurance and Securitisation: the role of reinsurers
* Where to from here for insurance securitisation? Forecasts for 2007
* Development of insurance securitisation in the life and non life side: key market characteristics and key structural features of products offered
* Risk transfer between insurance and capital markets – European potential for Insurance
(a) Life (e.g. synthetic life catastrophe bonds; value in force monetisations (embedded value securitisations); new business strain funding
(b) Non Life
* The role of monolines
* Property risks
* Casualty risks
* Auto insurance  
Moderator: David Dillon, Senior Partner, Dillon Eustace
Michael Baumstein, Senior Vice President, Capital Markets, Scottish Re
PJ Henehan, Tax Partner, Financial Services Group, Ernst & Young
Jean-Louis Monnier, Senior Vice President, ABS/ILS Distribution, Swiss Re Capital Markets Limited
Pascale Viala, Managing Director - Head of European Capital Markets, CIFG Europe 
18:00 End of conference sponsored drinks reception   
Conference Sponsors
Click on logos for information

BDO Simpson Xavier

Irish Stock Exchange

Ernst & Young

Moody's Investors Service

Maples Finance

Marsh

DBRS

Genworth Financial

HML

Maples and Calder

AIB International Financial Services

IDA Ireland

Better Regulation Ltd

Media Partners
Click on logos for information

absreports.com

Mortgage Finance Gazette

ISR

Securitization News

securitization.net


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