Agenda

Agenda

2026-01-07

09:00

Networking Breakfast

09:45

Opening Remarks

Peter Walker

Partner, A&L Goodbody

Peter Walker is a partner in A&L Goodbody's Finance Group and currently heads the Capital Markets (Debt) and Structured Finance Group. He is also a member of the firm's Brexit Group, FinTech Group and Fund Solutions Group. Peter has a broad practice area which covers all forms of debt capital markets, financing, funds structuring and regulatory matters.

09:55

Securitisation - Adapting to a New Era

Playing with possible evolutionary outcomes for European finance, to help decide what is needed from securitisations.

Ian Bell

CEO, CEO | PCS

Ian Bell has worked in securitisation in various capacities since 1988, first as a lawyer and partner at Clifford Chance, then as general counsel and head of structured finance at Standard & Poor’s Europe and finally as CEO of PCS.

11:15

Comfort break

11:25

Keynote Presentation

Susan O'Reilly

Department of Finance

11:40

CLOs and the Financial Cosmos

Gearoid Casey

Managing Director, KKR

Gearoid Casey (Dublin) joined KKR in 2014 and is a Managing Director, focusing on European leveraged credit funds and portfolios. Prior to joining KKR, he was an analyst at Avoca Capital. Before joining Avoca, Mr. Casey spent three years working in the US leveraged finance division of AIB and also a year with BNP Paribas where he focused on European investment grade corporates. Mr. Casey has a B.Sc. in Financial Maths and Economics from National University of Ireland, Galway and a Masters in Finance from University College Dublin. He is also a CFA Charterholder.

Ray Colleran

Managing Director and Head of European Research, Bain Capital

Ray Colleran joined Bain Capital in 2023. He is a Managing Director and Head of European Research for the Credit team. Prior to joining Bain Capital, Ray worked at Whitestar Asset Management as the Head of European Credit Research and Investment Committee member in its European Leveraged Credit business. Prior to this, he worked as a principal in KKR. Ray started his career working for Merrill Lynch and is a qualified Barrister.

Conor Power

Clearlake Credit

Glynis Webb

Director, Syndicated & International Finance, AIB

12:30

Lunch

13:30

Higgs boson

Like the mass of the Higgs determines the structure of our universe, the precise parameters of securitisation regulation define the financial universe - change them even fractionally, and what can exist and how it interacts is completely different.

Harry Noutsos

PCS

Harry Noutsos started working in securitisation in 2000 where, after working in research and structuring at CSFB, he took on responsibilities for modelling and structuring at Bank of America and Santander before taking the position Global Head of ABS for ING.

14:35

State of Play

Alexander Batchvarov

Bank of America

14:40

Securitisation Reform: Where art thou?

Exploring the status, delays, and expectations around European Commission proposals on securitisation.

Ian Bell

CEO, CEO | PCS

Ian Bell has worked in securitisation in various capacities since 1988, first as a lawyer and partner at Clifford Chance, then as general counsel and head of structured finance at Standard & Poor’s Europe and finally as CEO of PCS.

John Kane

Policy Expert – Securitisations, Central Bank of Ireland

John Kane is the Central Bank of Ireland’s policy expert on securitisations and has over 10 years’ experience in regulatory financial services. John’s policy work and contributions to the EU securitisations framework has featured prominently in reports published by the Joint Committee of the ESAs as well as the Financial Stability Board. John holds a MSc in Finance, with a Diploma in Finance Law.

15:10

Coffee Break

15:40

What does the past teach us about the future?

  • PCS Formation Context
  • Lessons from STS & Synthetic STS
  • Evolution of ECB SRT Process
  • Advice for Current Legislative & SRT Engagement


This session examines the evolution of European securitisation policy and practice—from the exploration of the potential change in practices post-GFC to lessons learned during the development of STS and synthetic STS rules. We’ll review the progress of the ECB’s Significant Risk Transfer (SRT) process, including the new fast-track approach, and share practical advice on engaging with policymakers and regulators during current legislative reforms. Key takeaways include strategies for effective dialogue, shaping implementable rules, and structuring transactions to meet supervisory expectations.

Steve Gandy

Retired Managing Director, Santander

Steve Gandy was the Managing Director and Global Head of the SRT program at Santander. When he retired in 2022 after 16 years at the bank, he had led Santander to its current position as one of the largest issuers and arrangers of SRTs in Europe, having completed transactions involving portfolios at Santander subsidiaries in 11 countries in Europe and the Americas. Prior to Santander, Steve held various management positions at Bank of America and PNC Bank in the US, Mexico, Hong Kong, Paris and the UK in a career that spanned 45 years. He also chaired the securitisation Board of AFME while at Santander. He currently works as a financial advisor to various asset managers and insurance brokers. He has recently joined the board of Iconichain, a Fintech founded to provide analytical and reporting services to ABS and SRT issuers; he continues on the Board of Directors of European DataWarehouse and PCS Association, having worked as a founder of both organisations over 10 years ago. He currently resides in Michigan.

Harry Noutsos

PCS

Harry Noutsos started working in securitisation in 2000 where, after working in research and structuring at CSFB, he took on responsibilities for modelling and structuring at Bank of America and Santander before taking the position Global Head of ABS for ING.

16:10

The Shape of Things to Come

Kicking off the day, we explored the future paths of European finance and how securitisation could shape the long-term market landscape. To close the day, this panel brings together voices from across the securitisation ecosystem — banks, investors, insurers, advisors, and lenders — to debate the shape of things to come. Together, they’ll forecast how European securitisation can adapt to regulatory change, market innovation, and the financing needs of the next decade.

Nicola Curry

Head of Legal (Ireland), BNP Paribas

As Head of Legal in Ireland, Nicola is responsible for monitoring the implementation of an escalation and alert framework at Territory level so as to ensure escalation of information on Major Legal Risks in relation to the Territory; providing legal advice, assistance and support to the Country Head; supporting Legal in fostering collaboration across Business Lines, Legal Platforms and other Legal teams; and ensuring that procedures, processes and mechanisms are in place to maximise efficient mutual support and dissemination of Legal’s values and ethics, legal expertise, knowledge and information.

Boudewijn Dierick

Auxmoney Investments

Boudewijn Dierick, MD and Country executive auxmoney investments ltd joined auxmoney in 2021 to spearhead its funding and ABS efforts. Auxmoney issued its inaugural Fortuna consumer loan ABS 2021 publicly in October 2021, the first-ever euro-denominated ‘social’ ABS, followed by a second deal in May 2022. Boudewijn joined from BNP Paribas, where he was heading the ABS markets team in the Securitised Products Group based out of London with a focus on origination and structuring of Covered bond programmes, ABS, RMBS and related facilities for funding as well as capital relief purposes. The team won various Covered Bond and Securitisation awards from Global Capital, Covered Bond report and IFR over the past years. Before that, Boudewijn was a director at UBS in the Securitisation team focusing on Northern Europe. Before UBS he worked as Senior Analyst at Moody’s in Paris responsible for rating Covered Bonds, RMBS and ABS transactions in EMEA. Boudewijn started his career as group trainee at ING in Amsterdam before moving to Corporate Banking in Paris. He has a masters degree in Finance from the Vrije Universiteit in Amsterdam. Boudewijn structured a wide variety of ABS and RMBS transactions and covered bond programmes in Europe as well as Canada, Singapore, Korea and Australia. He speaks fluent Dutch, English and French. He was chairman of the European Covered bond Council in 2021-2022 where he also moderated the Rating Agency Approaches Working Group and the ESN and Covid-19 Task Forces.

Alan McNamara

Executive Director, Howden

Sinéad O'Connor

Partner, A&L Goodbody

Sinéad O'Connor is a partner in A&L Goodbody's Finance department. Sinéad's main practice areas are structured finance, securitisations and capital markets. Sinéad has acted for banks, originators, private investors and corporate entities (both International and Irish) across a wide range of banking, securitisation, financial markets transactions and regulatory capital issuances. She has broad experience in a range of asset classes including RMBS, CMBS, ETC's, trade receivables, consumer loans and auto loans and leases. Sinéad regularly advises corporate and institutional clients on netting and collateral arrangements. Sinéad is the Irish representative for the International Capital Market Association (ICMA) International Women’s Network (IWN) working to help build a greater gender balance in financial services.

Mairéad Synnott

Associate General Counsel, Arch International Mortgage Group

17:10

Closing Remarks

Jack Sheehy

Partner, A&L Goodbody

Jack Sheehy is a partner in A&L Goodbody's Finance department. His principal practice areas are debt capital markets, private equity finance and general banking and restructurings. Jack's other areas of expertise include loan portfolio acquisitions and disposals, high-yield bond issues, securitisation restructurings and the establishment of asset acquisition and loan origination platforms.

17:30

Drinks Reception