If you were unable to attend our recent seminar in Frankfurt (whether because you opted to attend the APL dinner in London instead or for other reasons), you missed a useful session on the use of Significant Risk Transfer (SRT) trades to help banks reduce regulatory capital costs. We are thinking about whether some kind of more structured workshop might be worth organising for those who would like to learn more. If you would like to receive a copy of the presentations used at the recent seminar by Thomas Pruem (BCLP) or Oliver Gehbauer (DB), please contact Peter.
Meanwhile, our friends at the vdp (Association of German Pfandbrief Banks) is holding a free, open-to-all, two hour webinar, in English, on 12 December from 10am CET about its proposals for implementing the new Basel III / CRR concept of “property value” (or “prudent value”). From 1 January 2025, EU banks will have to use that concept, instead of market value, when calculating the LTV of their real estate loans under the Standardised Approach (relevant to all banks because of Minimum Output Floors). Follow this link to register.
