Prime Auto ABS and Prime RMBS have always been a showcase example of simple, transparent and standardised ABS transactions that have been very effective in performance and quality ever since their origins and through the financial crisis.
In the past ten years, our comprehensive and periodic ABS training events have contributed to creating a uniform understanding of quality among all parties involved – knowledge that will become even more important under the new securitisation rules.
Our two-day intensive seminar is a gateway into the world of securitisation that will give you excellent access to relevant themes from a legal, accounting, regulatory, economic and practical perspective, and from credit perspective from rating agencies and investors.
Training will focus on the following thematic focal areas:
- Overview of a specific, current securitisation transaction
- What matters in the credit process and what the STS regulation requires
- Legal aspects – assignment, insolvency protection, tax matters and how STS comes into play
- Overview of ECB approval
- Regulatory framework under the new Securitisation Regulation
- Accounting aspects
- The work of rating agencies
- Cash flow modelling and transaction evaluation
- Investors’ perspective
The thematic focal areas will be explored on the basis of a current transaction.
Eberhard Hackel is a Senior Director in Fitch Ratings’ European structured inance group and head of the Frankfurt based structured finance team. The team is primarily dealing with European ABS, RMBS and CDO transactions with a regional focus on Germany, Switzerland, Austria, the Netherlands, Ireland, Eastern Europe and Scandinavia.
Dr Arne Klüwer works as a Partner for Dentons Europe LLP. He heads the German banking and finance practice and the structured finance practice in continental Europe. He specialises in structured finance and restructurings with a special focus on securitisation and factoring, asset-based lending, innovative financings as well as loan trading transactions. In addition he has a strong focus on advising lenders and creditors in workout situations and in the context of restructuring distressed debt. His doctorate focusses on a comparative legal analysis of the legal framework for securitisations in the USA and in Germany and is one of the first academic writings on the subject of securitisation in Germany.
Dr Benjamin Mohr is Chief Economist and Head of Economic Research at Creditreform Rating AG. Prior to that, he held a number of positions in the Creditreform Group. In his current function he is responsible for the analysis and monitoring of capital markets and economic development in Germany, Europe, and the US. Since 2016, he has also been heading the Sovereign Ratings division.
Basak Aktay is European DataWarehouse's (EDW’s) Head of Sales and Customer Relations. Prior to joining EDW in 2013, she worked at DZ Bank as a product manager with a focus on German capital markets. In addition to her current role at EDW, Basak also teaches at the Frankfurt School of Finance & Management. She has also held various management roles in technology and ecommerce departments at Commerzbank and Isnet and has an MBA from Manchester Business School as well as a MSc degree in Computer Engineering from Universität Duisburg-Essen.
Christian Bauer ist bei KPMG AG Wirtschaftsprüfungsgesellschaft als Wirtschaftsprüfer im Bereich Audit Financial Services in Frankfurt am Main tätig. Dort leitet er als Partner den Bereich Strukturierte Finanzierungen mit den Schwerpunkten Leasing, Factoring und Verbriefung (synthetische und True Sale Verbriefungen). Seine Erfahrungen umfassen die Prüfung von in- und ausländischer Banken, Leasingunternehmen, Factoringunternehmen und Verbriefungszweckgesellschaften. 
Kevin Kroke is Director in the Frankfurt office of ING’s Global Balance Sheet Distribution team. He joined ING in 2021, focussing on the origination and structuring of asset-backed financing as well as balance sheet management solutions for clients and ING. Prior to ING, Kevin was 13 years with Deutsche Bank where he held roles in Treasury Markets & Investments, Risk- and Portfolio Management and Commercial Lending, including 7 years in Structuring of securitisation and covered bonds transactions. He holds a Master’s degree in Finance from Goethe University where he focussed on Financial Technology.
Sven Lissek has been working in the division for Strategic Issues in the Bundesbank’s Directorate General Markets since 2020. This involves the operational implementation of the collateral framework and the asset-backed securities purchase programme (ABSPP) as well as strategic analyses in regards to the monetary policy framework. Apart from assessing the eligibility as collateral of German ABS and contributing to the ABSPP due diligence procedures for the Eurosystem, he is conducting analytical work concerning the implementation of monetary policy with a focus on big data.
Marco Pause has been a Director of STS Verification International GmbH since December 2019. He joined the STS Verification International GmbH in September 2019 as an Associate Director. Mr. Pause has many years of securitisation experience which he gained at the auditing company Deloitte in the Credit & Securitisation Advisory Team in Düsseldorf since 2005.
