Program of the 17th CECBC (as at 11. April 2013)

Program of the 16th CECBC (as at 14 November 2012)

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Panel one: Asset encumbrance and covered bonds (Moderation: Michael Zlotnik, Rating Advisory, Bad Homburg)

Slides Michael Zlotnik, Rating Advisory, Bad Homburg

Panel two: EC-directive on bank resolution and its effects on covered bonds (Moderation: Kristian Ingemann Petersen, First Vice President Group Legal Affairs, Nykredit, Copenhagen)

Slides Kristian Ingemann Petersen, First Vice President Group Legal Affairs, Nykredit, Copenhagen
Slides Gunnar Schuster, Partner, Freshfields Bruckhaus Deringer Solicitors, Frankfurt

Panel three: Funding of housing mortgages with centralised issuers in banking groups (Moderation: Piotr Cyburt, CEO, BRE Bank Hipoteczny S.A., Warsaw)

Slides Piotr Cyburt, CEO, BRE Bank Hipoteczny S.A., Warsaw

Panel four: Transfer of mortgages for covered bond funding purposes (Moderation: Tim Lassen, Representative Office Moscow, Hypothekenbank Frankfurt AG)

Slides Tim Lassen, Representative Office Moscow, Hypothekenbank Frankfurt AG
Slides Andreas Luckow, Head of International Real Estate Finance, Association of German Pfandbrief Banks, Berlin
Slides Agnieszka Tułodziecka, President, Polish Mortgage Credit Foundation, Warsaw

Program of the 15th CECBC (as at 14. November 2011)

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Panel one:  Risks involved in using public-sector debt as collateral for covered bonds (Moderation: Ted Packmohr, Head of Covered Bond Research, Commerzbank, Frankfurt)

Presentation Ted Packmohr, Commerzbank, Frankfurt/M.

Panel two:  Special public supervision on covered bonds (Moderation: Johannes Rudolph, Director, Head of Covered Bond Research, HSBC Trinkaus & Burkhardt AG, Düsseldorf)

Presentation Johannes Rudolph, HSBC Trinkaus & Burkhardt AG, Düsseldorf Presentation Stéphane Massa, Fides Audit, Paris Annex 1 Annex 2

Panel three:  Derivatives in cover pools (Moderation: Michael Schulz, Senior Covered Bond Analyst, NORD/LB, Hannover)

Presentation Michael Schulz, NordLB, Hannover Presentation Gunnar Schuster, Freshfields Deringer Bruckhaus, Frankfurt/M.

Panel four:  Timely payment in issuer's insolvency (Moderation: Florian Hillenbrand, Senior Covered Bond Analyst, UniCredit Corporate & Investment Banking, Munich)

Presentation Florian Hillenbrand, UniCredit Corporate & Investment Banking, Munich

Program of the 14th CECBC in Vienna (as at 4 November 2010)

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Panel one:  Covered Bonds versus unsecured creditors (Moderation: Christoph Anhamm, Head of Covered Bonds Origination, The Royal Bank of Scotland, Frankfurt)

Presentation Christoph Anhamm, The Royal Bank of Scotland, Frankfurt

Panel two: Liquidity management and asset disposal strategies in Covered bond issuer‘s stress scenarios (Moderation: Fritz Engelhard, Analyst, Barclays Capital Deutschland, Frankfurt)

Presentation Fritz Engelhard, Barclays Capital Deutschland, Frankfurt

Panel three: Economic aspects of eligibility criteria and funding costs (profitability of covered bonds) (Moderation: Ted Packmohr, Head of Covered Bond Research, Commerzbank, Frankfurt)

Presentation Ted Packmohr, Commerzbank, Frankfurt Presentation Agnieszka Drewicz-Tułodziecka, Polish Mortgage Credit Foundation, Warsaw

Panel four: “Round table” expert analysis of European Mortgage Law – comparability, legal overview, basis for legal reform and LGD-calculation (Moderation: Hans-Fredrik Marthinussen, Associate Professor, University of Bergen)

Presentation Hans Fredrik Marthinussen, University of Bergen Presentation Klaus-Peter Follak, Deutsche Pfandbriefbank, Unterschleißheim Presentation Reiner Lux, HypRating GmbH, Berlin Presentation Michael Schulz, Nord/LB, Hannover

Program of the 13th Central European Covered Bond Conference 2009 in Zürich Conference Brochure >>

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Day one: National and cross border mortgages as collateral for centralized covered bond issuing Jörg Schmid: The Swiss Pfandbrief >>
Panel one:  Pooling models in Europe – national level (Moderation: Ralf Burmeister, Head of Covered Bonds / Financials Research, Landesbank Baden-Württemberg, Stuttgart) Gyula Nagy: Hungary (Pooling models in Europe - national level) >>
Speech by Rolf Stürner, Director of the Institute for German and Comparative Civil Procedure, University of Freiburg: Legal Questions of Cross Border Cover Assets >>
Panel two: Pooling models – cross border business (Moderation: András Botos, Secretary General, Association of Hungarian Mortgage Banks, Budapest) Andras Botos: Pooling models - cross border business >>

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Day two: Liquidity and currency risks in mortgage finance in CEE Panel one: Actual situation and outlook including FX mortgages (Panel moderator: Johannes Rudolph, Covered Bond Analyst, HSBC Trinkaus & Burkhardt AG, Düsseldorf) Johannes Rudolph: Actual situation and outlook in FX mortgages >> Florian Gorbach: A Practical Model - Integrating Market and Credit Risk >> Nannette Hechler Fayd'herbe: Swiss Interest Rate and Currency Outlook >> Márton Nagy: „Micro” and „macro” (The case of FX lending in Hungary: blessing or curse ?) >> Andrzej Raczko: Liquidity and currency risks in Polish Banking Sector >>
Panel two: Contractual features in statutory covered bonds? (Moderation: Richard Kemmish, Head of Covered Bonds, Credit Suisse, London) Richard Kemmish: Contractual features in statutory covered bonds >>

Program of the 12th Central European Covered Bond Conference 2008 in Warsaw Conference brochure >>
See also the article: "CEE event weighs new and old regulatory issues" by Neil Day / The Cover >>
III. Key points for confidence in covered bonds

Panel a - Moderation Dr. Andras Gábor Botos, Secretary General, Hungarian Mortgage Association (Hungary) Covered bond credibility in stress scenario >>
Panel b - Moderation Konstantin Kucherenko, Legal Advisor, Ukrainian National Mortgage Association (Ukraine) Liquidity and covered bond quality compliance in daily business: Cover pool checks by supervisory authorities >>

Program of the 11th Central European Covered Bond Conference 2007 in Istanbul
First panel: New legislation on covered bonds in Europe
Moderation: András Botos, Secretary General, Association of Hungarian Mortgage Banks, Budapest Presentation András Botos: New legislation on Covered Bonds in Europe >>
Second panel: Public supervision on covered bonds
Moderation: Konstantin Kucherenko, Legal Advisor, Ukrainian National Mortgage Association, Kiev Presentation Konstantin Kucherenko: Public Supervision on Covered Bonds >>
Third panel: Strategic considerations regarding funding of mortgages
Moderation: Cem Ayhan Azak, Manager Investment Banking, Barclays Capital, London Presentation Erdal Aral >> Presentation Seda Önen >>

Program of the 10th Central European Covered Bond Conference 2006 in Kiev
First panel - Moderation Dr. Agnieszka Drewicz-Tulodziecka, President, Mortgage Credit Foundation (Poland) / Ted Packmohr, Interest Rates Strategy - Covered Bonds, Dresdner Kleinwort Research (Germany)  Presentation: Economic and business background for management’s strategic decision in the area of mortgage funding: Covered Bonds, MBS or other instruments? – that is the question! >>
Second panel - Moderation Mario Thurner, Managing Director, Center of Legal Competence (CLC), (Austria) Presentation: Improving the legal framework for covered mortgages in Central and Eastern Europe >>
Third panel - Moderation Dr. András Gábor Botos, Secretary General, Association of Hungarian Mortgage Banks (Hungary) Presentation Dr. András Botos: New legislation on covered bonds in Europe and comparative analysis of ECBC >> Presentation Alda Pereira: Obrigações Hipotecárias, Obrigações Sector Público >> Presentation Seda Önen: Essentials of Turkish Mortgage Covered Bonds >> Presentation Konstantin Kucherenko: Ukrainian Covered Bond Structure >>
Fourth panel - Moderation Anton Sergeev, Executive Director, Ukrainian National Mortgage Association (Ukraine) Presentation: Covered Bonds, MBS and Hybrids – which is the right approach for the emerging economies of Central Europe? >>

Program of the 9th Central European Covered Bond Conference 2005 in Budapest
First panel - Moderation Dr. Otmar Stöcker Presentation Dr. Stöcker: New Legislation on Covered Bonds in Europe: Structure of Issuer, ALM, Banking Supervision, Segregation and Bankruptcy Remoteness >>

Panel one:  Special public supervision on covered bonds (Moderation: Johannes Rudolph, Head of Covered Bond Research, HSBC Trinkaus & Burkhardt AG, Düsseldorf)

Questionnaire to the panelists and answers >>
Presentation Packmohr: Chances of central and eastern European issuers of covered bonds in the international capital markets >> Presentation Czaba Nagy >>
Presentation Wolfgang Kälberer Treatment of Covered Bonds under the new EU Capital Requirements Directive >>
Third panel - Moderation Dr. Agniezska Drewicz-Tulodziecka Overview: Covered bonds v. MBS and deposits - their attractiveness in terms of funding >> Serge Ozerov: Covered Bonds vs. MBS and Deposits in Russia >> Dr. Filomena Oliveira Pereira: Mortgage Funding in Portugal >> Lászlo Harmati: Mortgage funding in Hungary – case study >> Arjan Verbeek: Funding a mortgage portfolio - What is the "best" way? >> Dr. Drewicz-Tulodziecka: Summary of presentations - Covered bonds v. MBS and deposits >>
Fourth panel - Moderation Mario Thurner Executive summary Thurner - Legislative improvements in Central and Eastern Europe: Quality of mortgage collateral >> Presentation Thurner: Legislative improvements in Central and Eastern Europe: >> Dr. Botos: Country Report Hungary >> Dr. Drewicz-Tulodziecka: Country Report Poland >> Lassen: Country Report Germany >>

Program of the 8th Central European Covered Bond Conference 2004 in Copenhagen Bell, Ian (Standard & Poor's): Bankruptcy Remoteness and Overcollateralisation >> Boyce, Alan L. (Soros Fund Management LLC): Integrating the Danish Modell in Mexico >> Budakov, Dmitry (Moscow Mortgage Agency): New Act on Mortgage Bonds inRussia >> Gibeiko, Kaspars (Latvijas Hipoteku un Zemes Banka): New Bankruptcy Regulations in Latvia >> Hagen, Dr. Louis (Association of German Mortgage Banks): Experiences from Germany >> Kristiansen, Klaus (Realkredit Denmark): The Danish Balance Principle and Prepayment system – how does it work in practice? >> Pataki, Sandor: (FHB Land and Mortgage Bank ): Experiences from Hungary >> Pietilä, Timo Mikael (Aktia Real Estate Mortgage Bank plc): Experiences with the Finnish Act on Covered Bonds >> Stöcker, Dr. Otmar (Association of German Mortgage Banks): Legislation in Europe – an update >> Woollett, Jonathan (European Bank for Reconstruction and Development): The role of EBRD to support the issue of Covered Bonds in Central Europe >>

Program of the 7th Central European Covered Bond Conference 2003 in Berlin Domingo Solans, Eugenio (Europäische Zentralbank): The Enlargement of the EU and the European Capital Markets >> Grossmann, Ralf (CDC IXIS Capital Markets): Liquidity of European Covered Bonds: Option or Essential? >> Hagen, Louis (VDH): New Amendments of the German Mortgage Bank Act >> Hardt, Judith (Europäischer Hypothekenverband): The New Adequacy Rules - Impact on Covered Bonds >> More, Matej (Finanzministerium der Republik Slowenien): Mortgage Finance in Slovenia: Forthcoming Covered Bond Legislation >> Packmohr, Ted (Dresdner Kleinwort Wasserstein Research): The Covered Bond Universe Redefined? Structured vs. Regular Covered Bonds >> Sjölie, Stein/Hvidsten, Tor (Norwegian Financial Services Association): The New Norwegian Covered Bond Legislation >> Sleator, Alexandra (Moody's): Moody's on European Covered Bonds >> Stöcker, Otmar (VDH): Development of Legislation on Covered Bonds >>

Program of the 6th Central European Covered Bond Conference 2002 in Warsaw Anhamm, Christoph (ABN Amro): The rating of mortgage bonds - A challenge for issuers >> Cyburt, Piotr (Rheinhyp-BRE Bank Hipoteczny): New Challenges for Polish Mortgage >> Banks Hagen, Louis (VDH): The future of specialised mortgage banks as issuers of mortgage bonds >> Klebe, Jürgen (Westfälische Hypothekenbank AG): Derivatives - their importance for limiting currency and interest rate risks and their impact on mortgage bonds >> Lassen, Tim (VDH): Mortgage Banks and Mortgage Bonds in Central Europe – an Overview >> Lord, Ted (Barclay's Capital): Mortgage Bonds and Mortgage-Backed Securities – Competing or Complimentary Instruments? >> Rasmussen, Mogens Munk: Why is Nykredit establishing a mortgage bank subsidiary in Poland? >> Stöcker, Otmar (VDH): Die Weiterentwicklung des Pfandbriefrechts in Europa, in: Immobilien & Finanzierung 23/2002 >>

Program of the 5th Central European Covered Bond Conference 2001 in Riga Furga: Pfandbriefe in Polen - neue Vorschriften und Emissionen / New regulations and issues regarding mortgage bonds in Poland >> Kälberer: Pfandbriefe und Kapitaladäquanzregeln in Basel und Brüssel / Mortgage bonds and capital adequacy rules in Basel and Brussels >> Kristensen: Bankaufsichtliche Fragestellungen beim Aufbau von Pfandbriefmärkten in den Mitteleuropäischen Reformländern / Development of refinancing mortgage credits in the Baltics (Latvia/Lithuania) >> Mészáros: Pfandbriefemissionen in Ungarn / Mortgage Bond Issues in Hungary >> Múcková: Die Entwicklung des Pfandbrief-Systems in der Slowakischen Republik / Mortgage bond system - development in the Slovak Republic >> O'Rourke: Die neue Pfandbriefgesetzgebung in Irland / New mortgage bond legislation in Ireland >> Panko: Der Aufbau des Pfandbrief-Marktes in Lettland / Formation of mortgage bonds market in Latvia >> Pavelka: Tschechien - Refinanzierung durch Pfandbriefe oder Einlagen? / Czech Republic - Refinancing by mortgage bonds or deposits? >>

Program of the 4th Central European Covered Bond Conference 2000 in Bratislava Everling: Hausaufgaben in den Mitteleuropäischen Pfandbriefmärkten, Börsenzeitung 22.11.2000, p. 27 >> Kerl: Bankaufsichtliche Fragestellungen beim Aufbau von Pfandbriefmärkten in den Mitteleuropäischen Reformländern >>

Program of the 3rd Central European Covered Bond Conference 1999 in Prague Everling: Pfandbrief als Exportartikel für Osteuropa. Börsenzeitung vom 17.11.1999, p. 4 >> Vortrag Stöcker: Übersicht über die neue Gesetzgebung zu Hypothekenbanken und "Pfandbriefen" in Europa. Die Renaissance des "Pfandbriefes" in Europa >>

Program of the 2nd Central European Covered Bond Conference 1998 in Budapest 1998 in Budapest: Stöcker: Mitteleuropas Pfandbriefmärkte kommen voran, Börsenzeitung vom 22.12.1998, p. 13 >>

Program of the 1st Central European Covered Bond Conference 1997 in Warsaw 1997 in Warsaw: Annual Report VdH 1998, p 75 ff >>