Global securitization 2025 outlook roundtable

Securitization markets in both the US and Europe had one of their most impressive years in recent times in 2024. US non-mortgage ABS and CLOs had both surpassed record annual issuance levels before the end of October, new and alternative products emerged and grew within RMBS, and the CMBS market’s turnaround began in earnest with even the beleaguered office sector often able to find financing as spreads compressed. In Europe, primary market volumes have been robust as banks have returned to prominence as issuers, and demand has been sufficient to absorb it. At the same time issuance has become more diverse in asset classes and geographies. Concerns about collateral performance, although not completely dissipated, have not materialised as many feared. Finally, momentum surrounding regulatory reform that could potentially transform the investor base is as great as it's ever been, with political winds seemingly blowing in favour of securitization. Join our virtual roundtable to understand the outlook for global securitization in 2025. This roundtable will focus on: - What a difference a year makes. Are we in for another bumper year of issuance in 2025? - As we head into 2025, are we optimistic around collateral quality in the majority of securitized asset classes in Europe? Which geographies or areas are particularly vulnerable or robust? - With rates seemingly heading down in Europe, what are the prospects for the RMBS sector as mortgage origination picks up? - With US rates having sold off again, is the monetary easing story at risk in the US? Speakers: Brian Ford, Managing Director, Structured Finance Research, KBRA Clayton Triick, Head of Portfolio Management, Public Strategies, Angel Oak Capital Advisors Eric Thompson, Senior Managing Director, Global Head of Structured Finance Ratings, KBRA Kyra Fecteau, Managing Director and Fixed Income Portfolio Manager, Wellington Management Mike Nowakowski, Managing Director and Head of Structured Products, Conning