New York

31 West 52 Street, New York, NY 10019

March 26 2020

25+ Speakers

Leading figures in the Risk Transfer Sector

165 Seats

Register to secure yours today

Introduction

Join SCI for the 4th Annual Risk Transfer & Synthetics Seminar

JPMorgan broke new ground in October 2019 with its Chase 2019-CL1 synthetic RMBS. SCI's Risk Transfer & Synthetics Seminar explores the micro and macro drivers behind this landmark deal and whether it could spur further risk transfer activity across a broader range of originators and asset classes in the US. The event also highlights innovation across the mortgage insurance-linked note and GSE CRT programmes, as well as the lessons that could be learnt from the European SRT experience.

Early-bird registration is now open

Delegate rates:

December $1,077

January $1,236

February $1,422

March $1,636

Exclusive Host

Agenda

  • 26 March

Speakers

Early-bird registration is now open

Delegate rates:

December $1,077

January $1,236

February $1,422

March $1,636

Conference App

Many fellow delegates and speakers are already using the App to arrange meetings on the day. Please download and register the conference app to maximise your time at the event: https://attendify.com/app/mpdtjf

Steven Gandy

Managing Director and Global Head, Private Debt Mobilisation-Notes and Structuring
Santander
Steve Gandy is Managing Director, Head of Private Debt Mobilisation, Notes and Structuring, for Santander Corporate and Investment Bank in London.
He has over 27 years’ experience in the securitisation industry, having completed transactions in Europe, United States, Latin America and Asia. He serves on the Board of Directors of the European Data Warehouse, and has also served as Member Chairman of the Securitisation forum of AFME, where he participated in the development of the PCS initiative and currently serves as the chairman of the PCS Market Committee. Steve is also the current chairman of the Securitisation Working Group of the European Banking Federation.
During his 40 years of banking experience, Steve has held a number of management positions, with postings in the US, Mexico, Hong Kong and Paris prior to arriving in London in 1999.
He holds a Bachelors of Arts degree in Linguistics from the University of Texas, and an MBA from Thunderbird, the American Graduate School of International Management, where he also won the Barton Kyle Yount Award.

26 March

Jason Marlow

Managing Director
Barclays
Jason Marlow is a Managing Director in the Corporate Loan Portfolio Management team in Barclays Bank. He focuses on Credit Risk Mitigation as well as overall portfolio strategy across the Corporate and Investment Bank. Jason holds a BA in Economics from Georgetown University.

26 March

Mark Kruzel

Director
Citi
Mark is a Director in Strategic Risk Solutions, based in New York. He focuses on regulatory capital and risk management-based solutions for banks and insurance companies in the US, Canada, and Latin America. His specialities include securitization, structured credit, credit default swaps, and Basel regulation. Mark previously worked at CitiBanamex in Mexico City, where he was part of the franchise risk team responsible for integrating Banamex into Citi’s global businesses. He also worked in Loan Portfolio Management at Citi, which was responsible for the general credit portfolio management, risk mitigation, and balance sheet hedging of Citi’s corporate loan book. Mark is a graduate of American University with a B.A. in International Relations and a B.S. in Finance. He is a CFA Charterholder and speaks Spanish and Mandarin Chinese.

26 March

Clifford Chance

Registration

09:30 AM 10:00 AM

Market Overview

10:00 AM 10:55 AM

This panel focuses on regulatory and structural developments in the US synthetic securitisation market. How has the Chase 2019-CL1 transaction impacted the risk transfer space? Is the distinction
between credit risk transfer and capital relief trades becoming increasingly blurred?

Mortgage Risk Transfer

10:55 AM 12:00 PM

This panel examines how the US Treasury’s push to reform the housing market is impacting GSE and private credit risk transfer transactions. It also covers the latest developments in the mortgage insurance-linked notes space.

Lunch & Networking

12:00 PM 01:00 PM

Issuer Perspective

01:00 PM 01:55 PM

This panel explores how issuers continue to innovate, broaden investor participation in and enhance the liquidity of their programmes. It also looks at their motivations: often combining regulatory capital relief
with improved profitability, greater capacity and managing internal concentration limits.

Steven Gandy - Santander
Jason Marlow - Barclays

Speakers

Investor Perspective

01:55 PM 02:50 PM

This panel discusses how the investor base for CRTs is evolving, with the influx of insurers and other mezzanine players. It also highlights the potential for divergence in investor appetite and market liquidity
for mortgage CRTs, given the homogeneity of the underlying, versus other asset classes.

Speed Networking

02:50 PM 03:35 PM

The US Perspective

03:35 PM 04:30 PM

This panel explores the factors that may facilitate greater US CRT issuance, including CECL mitigation, as well as the lessons that can be learnt from the European experience. What are the prospects
for consumer CRTs and community/regional bank issuance in 2020? Are there any structuring solutions that could cross over from the wider banking industry?

Mark Kruzel - Citi

Speakers

Keynote Fireside Chat

04:30 PM 05:00 PM

Networking Break

05:00 PM 05:25 PM

Workshop

05:25 PM 05:55 PM

Emerging Trends

05:55 PM 06:50 PM

This panel tracks the emergence of new asset classes and jurisdictions onto the capital relief trades scene. What role are ESG considerations playing in the growth of the market?

Cocktail Reception

06:50 PM 07:50 PM