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Event CLO symposium 2025
We’re ready to grow
The first day of the Creditflux symposium was dedicated to asset-backed finance. Attendees said stable regulations were helping the sector flourish — and predicted it could hit USD 20tn
Asset-based finance is a continuation of an existing trend
Phil Aldis
Co-head of Europe asset-backed finance, Apollo Global Management
Aldis believes asset-based finance is the next step in the evolution of private credit — and it could grow to be a USD 20tn market.
It’s no longer the bad kid on the block
Birthe Bruhn-Léon
Independent advisor
European institutions, politicians and market participants are beginning to recognise that securitisation can fuel growth and deepen capital markets.
We’ve seen an improvement of the regulatory environment
Zak Chaudary
Head of SRT syndicate, Deutsche Bank
A stable environment has allowed the European SRT market to flourish, said Chaudary.
It’s important to develop a partnership among banks and investors
Thomas Alamalhoda
Head of credit risk transfer & capital optimisation, BNP Paribas
Banks that regularly use significant risk transfer are cultivating long-lasting, stable relationships with investors, said Alamalhoda.
The market is hoping for some recalibration of the prudential requirements
Julia Tsybina
Partner, Clifford Chance
Tsybina said that a planned overhaul of European securitisation regulation could make investing in securitised products less capital intensive, particularly for insurers.
The regulatory environment has grown increasingly hostile
Peter Cosmetatos
Chief executive, CREFC Europe
Banks are being required to hold more capital against real estate exposure — and the real estate must be of a higher quality.
A large amount of money is chasing niche markets
Cédric Vallin
Chief executive officer, Hemisphere Capital
Lenders are focusing on just a few asset classes, so risk isn’t diversified. But a bigger and more liquid CMBS market would lead to more diverse commercial real estate lending.
