Securitisation: Regulation and Practice

• Identify the structures, types and main actors of securitisation.
• Analyse the potential risks that could arise in securitisation.
• Review the international regulatory framework on securitisation by defining the main actors, practices and challenges.
• Illustrate the main components of the European Union regulatory framework for securitisation, specifically the rules for Simple Transparent and Standardised Securitisations (STS).
• Introduce the recent developments as to On Balance Sheet Securitisations (synthetic securitisations) and their eligibility for the STS label.
• Address the rules on capital relief for originator banks and insurance companies and address the developments in respect of Significant Risk Transfer rules.
• Discuss the capital requirements for banks and insurers investing in securitisation positions.
• Analyse the current trends with Non-Performing Loan (NPL) securitisation and apply the theory on a practical scenario.

Course programme

20 September

You will receive the log-in credentials
Access will open to the online platform and Module 0

23 September

09:00 Start of the course: Opening of the online platform

2 October          

09:00 Opening of the case study in groups

3 October     

12:30 – 14:00 First live class – Structure of a transaction and Q&A on the financial mechanisms of securitisation

10 October

12:30 – 14:00 Second live class – State of play of the securitisation market

16 October

12:00 Deadline to submit the case study

17 October 

12:30 – 14:00 Third Live class – Review of the case study on NPL securitisation

18 October   

17:00 Closing of the course: Deadline to complete all mandatory activities

After the closing of the course, access to the platform will be allowed until 18 November 2024.

Course Activities

Module 0 – Introduction

• Introductory quiz (self-assessment, optional)
• Forum interaction: present yourself (optional)

Module 1 – Securitisation as financial engineering: logic, nuts and bolts

• Video lectures
• Forum interaction: Question 1 (recommended completion by: Wednesday 2 October, 12:00 AM)

Module 2 – Evaluation of Risks and the Crisis

•  Video lectures
• Assignment 1: Rating methodology
• First live class (Thursday 3 October)

Module 3 – Regulatory framework for regulation and supervision of securitisation

• Video lectures Quiz
• Forum interaction: Question 2 (not mandatory, not graded: recommended completion by: Wednesday 9 October, 12:00 AM)

Module 4 – Prudential regulation of securitisation transactions

• Video lectures
• Assignment 2: LCR calculation

Module 5 – Dealing with securitisation products on the market

• Video lectures
• Second live class (Thursday 10 October)

Module 6 – Securitisation of NPLs

• Video lectures Quiz

Module 7 – Case study – NPL Securitisation

• Group work on the case study. Deadline for the group submission: Wednesday 16 October, 12:00 noon 
• Third live class (Thursday 17 October – TBC)

Financial Regulators and Supervisors; Members from Central Banks and Institutions (EU, intergovernmental, national goverments); Academic researchers; Personnel in private banks and law firms.

Fully online, with three live classes on:

• Thursday 3 October, 12.30 to 2.00 PM
• Thursday 10 October, 12.30 to 2.00 PM
• Thursday 17 October, 12.30 to 2.00 PM

• € 1150 – Private Sector
• € 1050 – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions
• € 850  – Full-Time Professors, PhD Students, Research Associates

Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.

Please note that the payment must be settled one week before the start of the course.

A certificate of attendance will be provided to all participants after the course.

CANCELLATION POLICY

• In case you can no longer attend the course, you are required to inform the organisers by sending an email to fbf@eui.eu in order to free a seat for participants in the waiting list.
• In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.

For more details, please contact fbf@eui.eu