September 24, 2019 | Cbonds
|On September 19, Cbonds held the 8th Conference "Mortgage Securities and Securitization in Russia" in Moscow, which was attended by more than 140 people – representatives of the originator banks, law firms, service companies, rating agencies, investors and many others.|
In his welcoming speech to the conference participants, Cbonds CEO Sergey Lyalin noted that a good trend was the fact that every year more and more participants were attending securitization conferences. "Last year we had a little more than 100 people, while this event is attended by 140 representatives of key market players", he said.
The conference consisted of three sections. The first section was devoted to the current condition and prospects of the securitization market development in Russia, as well as such issues as increasing the liquidity of bonds, the possibility of multi-tranche transactions on the Russian market and securitization of non-mortgage assets. The representatives of VTB Capital, Tinkoff Bank, Expert RA, ACRA and DOM.RF made their presentations. In conclusion, the section moderator, Managing Director of VTB Capital Andrey Suchkov, noted that the securitization market of Russia needed competition in order to "fly". "Monopoly is the death of the market," he said.
The second section of the conference was devoted to the evaluation and analysis of the mortgage securities. The speakers brought up such topics as existing approaches and models of valuation of the mortgage securities, their secondary market, the complexity of primary data collection and interpretation of issue documents, models of early repayment and many others.
The third section "Review of Securitization Practices in Russia. Legal Aspects of Transaction Support" was moderated by Oleg Ivanov, Advisor to the Council Chair of the Association of Banks of Russia. The speakers, representatives of ACRA, Sovcombank, SME Bank, LECAP and TMF RUS, discussed with the participants the current situation in the mortgage securitization market, the feasibility of development of securitization of loans to developers, and the use of structural bonds in transactions; shared their experience of securitization of arrears of and loans to SMEs, and noted potential hurdles for the securitization market and practical ways to overcome them.
Company: Cbonds Group
|Full company name||"Cbonds.ru" Ltd|
|Country of risk||Russia|
|Country of registration||Russia|
|Industry||Information and High Technologies|