Morningstar DBRS Hosts European Structured Finance Outlook 2024 in Madrid, Spain

Join us for our exclusive in-person event in Madrid, focusing on the key factors set to shape European securitisation in 2024. This year's event will give an overview of sector-specific credit outlooks for 2024 followed by a panel discussion on Spanish real estate and deep dive into the evolving reperforming loan (RPL) market as well as our assessment of the potential risks in the year ahead.

Our expert team of analysts will provide a comprehensive view of the credit market landscape, covering structured finance asset classes such as RMBS, CMBS, ABS, NPLs, and structured credit.

Don't miss this opportunity to gain perspectives crucial for navigating the ever-evolving credit market environment.

EVENT DETAILS
Date: 25 January 2023
Time: Registration at 8:00 a.m., Event at 8:50 a.m. – 12:00 p.m.
Venue: Paseo De La Castellana 81

Agenda
8:00 – 8:50 a.m.: Registration & Breakfast

8:50 – 9:00 a.m.: Welcome & Opening Remarks
Alvaro Manzano – Vice President, Morningstar DBRS

9:00 – 9:10 a.m.: European Structured Finance Overview 2024
Christian Aufsatz – Head of European Structured Finance, Morningstar DBRS

9:10 – 10:00 a.m.: European Structured Finance Outlook 2024 – Sector Overview

Panellists:
Alberto Cruces de la Rosa – Vice President, European NPLs, Morningstar DBRS
Paolo Conti – Head of European ABS, Morningstar DBRS
Maria Lopez – Senior Vice President, Structured Credit, Morningstar DBRS
Tomás Rodriguez-Vigil – Vice President, RMBS & Covered Bonds, Morningstar DBRS

10:00 – 10:45 a.m.: Credit Considerations of Climate and Other ESG Factors in Structured Finance

-- What are investors focusing on when thinking about climate change in European Structured Finance?
-- Credit relevance of climate risk data in structured finance?
-- Can positive ESG considerations be also positive for credit?
-- Climate change considerations in Morningstar DBRS’ ESG framework

Moderator:
Christian Aufsatz – Head of European Structured Finance, Morningstar DBRS

Panellists:
Philippe Laporte – Deputy CEO, Unión de Créditos Inmobiliarios
Jaime de la Torre – Partner, Cuatrecasas
Martin Santibañez – Head of Securitizations, Instituto de Credito Oficials
Tom Eveson – Vice President, Global Sustainable Finance, Sustainalytics

10:45 – 11:10 a.m.: Coffee Break & Networking

11:10 a.m. – 12:00 p.m.: Spanish RPL and Housing Market Overview
(Note: this panel will be conducted in Spanish)

-- Evolution of the RPL subasset class in Spain
-- Current market challenges as risk of more rate hikes abates
-- How is the current interest rate volatility affecting origination?
-- Expectations of asset performance and RMBS issuance volumes
-- Given central bank quantitative tightening, what are the alternatives to public securitisation markets?

Moderator:
Marta Zurita – Managing Director, Morningstar DBRS

Panellists:
Iñigo Merladet – NPL Director, Intrum
David Sanchez – Capital & Profitability Management – Global Asset Desk, Banco Santander
Carlos Rubi – Co-Head Portfolio Solutions Group, KPMG
Tomás Rodriguez-Vigil – Vice President, RMBS & Covered Bonds, DBRS Morningstar

To attend:
Fill out the form on the registration page here: https://go-dbrs.morningstar.com/SFCreditOutlookSP2024. You will receive a confirmation email from [email protected] with a link to add to your calendar, along with other event details.

For questions regarding this event, please contact [email protected]