Overview
Sponsors
Agenda
Date: 6 June 2024
Overview
Leading investors and other key players in the covered bond market gathered on 6 June in Frankfurt for the 11th annual Covered Bond Investor Conference, organised by ICMA, the Association of German Pfandbrief Banks (vdp) and The Covered Bond Report.
This year’s agenda covered topics including: macroeconomic and geopolitical developments and their impact on primary and secondary market dynamics; credit issues affecting covered bonds and banks, notably commercial real estate; regulatory matters facing the asset class in Europe and globally; and sustainable finance developments affecting mortgages, covered bonds and their issuers; among others.
You can view photographs from this event here.
| Lead sponsors | |
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DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, is majority-owned by those who work directly with it - the over 700 cooperative banks in Germany. As a central bank and central institution, its mandate is to support the business of the many independent cooperative banks in the regions and to strengthen their competitive position. The combination of local customer knowledge and central product expertise has proved to be highly effective. DZ BANK's range of services extends from traditional and innovative products, structuring and issues, to trading and sales in the equity and bond markets. In addition, as a corporate bank, DZ BANK serves companies and institutions that require a supra-regional banking partner. |
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Erste Group is a leading banking group in Central Europe with a balance sheet of over EUR 335bn and top market positions in Austria, Czechia, Slovakia, Hungary, Romania and Croatia as well as further significant presence in several other CEE countries. On the capital markets side, Erste Group has a unique and direct access to the Austrian savings banking sector coupled with a pan-European sales network in Vienna (covering key regions such as Austria, France, Scandinavia, BeNeLux, Iberia, the UK and the Middle East / Asia), local presence in CEE countries and of course sales teams in Stuttgart and Berlin, covering the broad German investor base. Therefore, Erste Group is servicing the whole European covered bond investor universe across its sales hubs. Over the past years the DCM Origination platform has expanded substantially. Starting off as the leading house for Austrian covered bond issuers for several successive years, the DCM franchise has very quickly and successfully grown also in Germany, sustainably reaching a top position in the legaue tables. Furthermore, this pace very successfully accelerated also outside the DACH region where Erste Group is now actively covering the majority of European jurisdictions. As a result, Erste Group with 70 executed transactions finished the year 2023 once again among the top 10 in the EUR covered bond league tables. |
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At over €200bn in total assets, HELABA is one of the leading banks in Germany and in this capacity acts as a central and clearing bank for the majority of German savings banks. Based on its strong position in the international commercial real estate markets, HELABA is also one of Europe’s largest Euro Covered Bond issuers and offers all related services to both issuers and investors across the globe. HELABA has a presence in most international financial centers and concentrates its origination, syndication, distribution and trading activities at the head office in Frankfurt. |
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With a history dating back over two centuries, NORD/LB is one of Germany’s top banking groups in terms of diversified access to funding sources and a flourishing domestic capital markets franchise. Combining general retail and specialist wholesale focus into a successful business model for the German Landesbank sector, NORD/LB is honoured to have helped a growing share of premier covered bond issuers worldwide to deepen their distribution in the largest fixed income investment market of the European continent. |
| Sponsor | |
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Mayer Brown lawyers have played a leading role in the development of the covered bond market. From advising clients on the first covered bonds undertaken by a U.S. depository institution, to advising Canadian and other non-U.S. banks on their covered bond issuances, to undertaking the first U.S. public offering of covered bonds in the United States, Mayer Brown lawyers have been front and center. Our long experience with covered bonds and our knowledge of bank regulatory issues, the mortgage markets, financial institutions and financing techniques makes us a worthy partner to our issuer, dealer, initial purchaser, and underwriter clients. Mayer Brown is one of the world’s leading financial services firms, with an active debt capital markets practice and securitization practice, spanning our 28 offices. |
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| 08.35 | Registration | |
| 09.20 | Welcome remarks Andy Hill, Senior Director, Deputy Head of Market Practice & Regulatory Policy, ICMA |
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| 09.30 | Keynote presentation: Fixed Income Overview Daniel Rauch, Portfolio Manager, Union Investment Slides available upon request |
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| 09.45 | Panel discussion: Markets – Too good to be true? Moderator: Neil Day, Managing Editor, The Covered Bond Report Panellists:
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| 10.35 | Networking break | |
| 11.00 | Presentation: Moody’s view on CRE Risks in Cover Pools Martin Lenhard, Vice President – Senior Credit Officer, Moody’s Ratings View slides |
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| 11.15 | Panel discussion: CRE as the known unknown Moderator: Matthias Ebert, Head of DCM FIG Origination, DZ Bank Panellists:
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| 12.00 | Networking lunch | |
| 13.00 | Keynote speech: European Banking Authority Roberta De Filippis, Team Leader – Securitisation and Covered Bonds, EBA |
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| 13.15 | Panel discussion: The Covered Bond Lab Moderator: Neil Day, Managing Editor, The Covered Bond Report Panellists:
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| 14.00 | Panel discussion: The sustainable finance challenge Moderator: Simone Utermarck, Senior Director, Sustainable Finance, ICMA Panellists:
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| 14.45 | Drinks reception The Covered Bond Report Awards for Excellence |
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| 15.45 | Event Close |
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