Securitisation Event

• What exactly is a data center and how does it fit into securitisation?
• Basics of financing structures and contractual frameworks
• Lessons from recent international deals and how they may apply to the Dutch market

Exclusive for Young Professionals
Limited availability

• Global rates, inflation and growth: setting the macro baseline
• Geopolitics, AI and fiscal policy as structural drivers
• Draghi Report and the Savings & Investment Union: implications for European investment and cross-border capital flows
• What this means for spreads, issuance and investor appetite in 2026

• Where the market actually is now (public vs private ABF)
• What is truly scalable and what remains structurally constrained
• Capital, regulation, and execution friction across ABF formats
• Investor behaviour: real signals vs narrative noise
• One forward-looking takeaway for securitisation professionals

• State of play: Commission proposals, Council position and Parliament negotiations — what is likely to land in 2026
• How reforms can drive or hinder growth in investments and new issuance
• Interplay of non-prudential reforms (due diligence, transparency, STS, UCITS) and prudential reforms (CRR, Solvency II) and liquidity rules (LCR)
• Third-country transparency, reporting templates and sanctions: practical impact on investor access and market structure
• EU Market Integration Package and its interplay with wider securitisation reforms
• How success should be measured: supply vs demand, investor base expansion and resilience outcomes
• Will EU reforms enhance the role of ESAs (EBA, ESMA, EIOPA), national competent authorities and the ECB?

Moderator: Maria Green, Senior Regulatory Adviser, A&O Shearman

• Data centre models and why securitisation focuses on build-to-suit hyperscale
• Investor demand and capital intensity
• Structuring and rating fundamentals: contracts, cash flow stability, leverage
• Lessons from recent European and UK transactions
• When securitisation becomes preferable to bank financing
• Structural choices (ABS/CMBS, master trust) and investor implications

Moderator: Udo van der Linden, Debt Capital Markets, ABN AMRO Bank

• How SRT decisions are made in practice: approvals, ECB fast-track and supervisory expectations in practice
• Capital relief today: what works for large vs. smaller banks
• Investor demand, market depth and tranche appetite
• ECB fast-track in practice: what qualifies and common misconceptions
• Synthetic vs. cash SRT: issuer, investor and supervisor views
• What may change — and what likely won’t — under upcoming EU reforms
• SRT opportunities and practical “no-gos” in execution

Moderator: David Toole, Partner in Structured Finance and Derivatives, Simmons & Simmons

• Funding choices, supply constraints and the future RMBS pipeline
• Legacy vs end-of-life RMBS: practical frictions and implications for future issuance
• Capital treatment and regulatory drivers: what can drive RMBS competitiveness and growth?
• Availability of collateral: how covered bonds, balance sheet priorities and direct placements shape securitisation supply
• Issuer perspective: what would it take to restart a regular RMBS pipeline?
• Investor perspective: if an RMBS comes, will demand still “fly off the shelves”?
• Managing outstanding transactions: call economics and end-of-life dynamics

Moderator: Rob Koning, Chairman, DSA

A high-level provocative closing session where Securitisation and technology experts sketch possible futures for securitisation. Participants join the debate and cast their votes live, choosing which “pool” they believe (or hope) we will be swimming in by 2040?

• Tech promises in the last years and what actually happen? What technology has (not) delivered in securitisation
• What if automation takes securitisation further than ever, with AI handling everything from loan pools to trading systems?
• How can the industry use technology as a partner, letting machines do the repetitive work while people focus on innovation and oversight?
• Could regulation hold back innovation?
• How Europe can stay competitive with the US market in the next 5 years?

Moderator: Gaby Trinkaus, Associate Managing Director, Moody’s Ratings