Leading S&P analysts will speak on key topics impacting the European FI sector.
Agenda
08.30--Registration
09.00--European Economic Outlook Presentation to discuss Standard & Poor’s baseline economic scenario for 2010, focusing on main European economies. The session will focus on key drivers of bank performance, including prospects for property markets, and risks to the forecasts.
Speaker: Jean-Michel Six - Chief European Economist, Standard & Poor's
09.45--Industry Outlook and Bank Ratings Presentation to discuss the impact of the current downturn on European banks and future rating drivers. The session will include a discussion of Standard & Poor’s assumptions regarding future credit losses and the banks’ ability to absorb them.
Speakers: Peter Dutton - Managing Director & Team Leader, Financial Services Ratings, London
Scott Bugie - Managing Director, Financial Services Ratings, Paris
10.45--Coffee Break
11.00--The need for new capital metrics Presentation to discuss the initial conclusions from the introduction of Standard & Poor’s Risk Adjusted Capital Framework. The session will provide an insight on how major banks compare on Standard & Poor’s new capital measure, in the context of recent regulatory initiatives.
Speaker: Bernard De Longevialle - Managing Director, Financial Services Ratings, Paris
11.45--The Role of Hybrids Presentation to discuss recent developments regarding hybrids, the implications of the European Commission’s decisions regarding supported banks, and the equity content of hybrids.
Speaker: Michelle Brennan - Senior Director and EMEA Bank Criteria Officer, Financial Services Ratings, London
