08.30 Registration & Coffee
09.00 Welcome Address
Global Themes Shaping Credit in 2018
OPENING REMARKS
Myriam Durand, Managing Director, EMEA Corporate Finance Group
CHAIRPERSON
Yasmina Serghini, Associate Managing Director, Corporate Finance Group
09.10 Keynote Presentation: EU Sovereigns
While Political Risks Flare Up Intermittently, Fundamentals Provide Support
- Near-term economic stability, but longer-term macroeconomic risks remain
- Update on Brexit and other political issues of the time such as Catalunya
- Debt tolerance of high-income countries – what if yields start to rise?
Sarah Carlson, CFA, Senior Vice President, Sovereign Risk Group
09.50 Presentation: Default and Rating Trends
Insights from Moody’s Proprietary Data
- Outlook for default rates in the year ahead
- Insights into rating changes and performance
- How do ratings and market signals compare?
Vincent Allilaire, Vice President - Senior Credit Officer, Credit Strategy
10.10 Spotlight Conversation: Monetary Policy and Financial Risks
MODERATOR
Alain Laurin, Associate Managing Director, Financial Institutions Group
Guest Speaker
Olivier Irisson, Chief Financial Officer, Groupe BPCE
11.00 Networking & Coffee Break
11.30 Banking Plenary Panel
How Will European Banks Continue to Cope with Profitability Challenges
- Levers that European banks can pull to mitigate profitability pressures and tighten profitability differential with US peers
- How quickly can Italian, Spanish, Portuguese and Irish banks reduce non-performing loans
- Overview of different banks have failed/resolved in Southern Europe
MODERATOR
Yasmina Serghini, Associate Managing Director, Corporate Finance Group
PANELLISTS
Alain Laurin, Associate Managing Director, Financial Institutions Group
Guillaume Lucien-Baugas, Vice President – Senior Analyst, Financial Institutions Group
Elise Lucotte, Vice President - Senior Credit Officer, Covered Bonds
Benjamin Serra, Vice President, Senior Credit Officer, Insurance Group
12.15 Corporate Plenary Panel
Which Sectors Will Lead in a Context of Stronger Economic Growth and Tighter Monetary Policies
- Which corporate sectors might suffer or benefit from more normal levels of interest rates
- Discussing how M&A, investment plans and financial policies might evolve
- What is the potential for environmental, social and governance (ESG) issues to impact on investment decisions and credit quality
- Differences in corporate credit trends by country / region