Securitisation in a post-crisis context
Securitisation in a post-crisis context
The European Commission has proposed new legislative measures to promote a safe and liquid EU market for securitisation, with the new rules due to take effect soon.
If it is structured soundly, securitisation is an important channel for diversifying funding within the economy, for broadening the distribution of risk and for allowing banks to free capital.
However, since securitisation products played a significant role in the US subprime mortgage crisis beginning in 2007, European securitisation markets have remained subdued. The slow recovery of these markets reflects concerns among investors and prudential supervisors about the risks associated with the securitisation process itself.
It is estimated that if EU securitisation issuance was built up again to pre-crisis average, it would generate between €100-150bn in additional funding for the economy. In light of this, the European Commission has decided to join other global institutions in reforming the current law to prevent high risk.
Given the continued importance attached to securitisation, being up-to-date with the market remains of high relevance. The ICMA Securitisation - An Introduction course gives you the tools to understand exactly what securitisation is and how such deals are structured, .
Outcomes and syllabus
Understand what is meant by securitisation
Be familiar with the main participants in the securitisation process
Be able to demonstrate different structuring techniques
Have a thorough understanding of CDOs, CLO and synthetic deals
More information and full syllabus of the programme.
Who should attend
This course is suitable for anyone with an understanding of the fundamental concepts of finance and fixed income that needs a holistic overview of the securitised market.
Previous participants have come from varied backgrounds such as central bankers, traders, middle office analysts and lawyers.
Details of the next course
London, 22-23 November 2017
London, 12-13 April 2018
Cost: £1,400 for ICMA members and £1,850 for non-members
*The course fee includes all lunches, coffee breaks and training materials.
Any candidate aged 25 and under who works for an ICMA member firm may qualify for a 50% discount as part of our Executive Education Scholarship programme. Please contact us for more details and to find out if you qualify.
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