The year is still young, and already there is no doubt that 2017 will be an eventful year. The impacts of Trump's economic and foreign policy have created hopes and fears on the capital markets, and the Brexit negotiations are imminent. More than ever before, Europe will be called upon to demonstrate its ability to act – in the year when elections in four euro countries have the potential to vigorously shake the continent's foundations.
Everywhere we look, we see the same picture. Quantitative easing and low-interest policies have inflated the prices across the spectrum of investments, and the search for value is becoming increasingly difficult, not just for fixed-income investors. Amid all this, policymakers remain strangely attached to yesterday and yesterday's risks – as highlighted by the debate over STS securitisations – even though European securitisations have proven their quality like no other asset class in the last credit cycles.
Against this backdrop, the 28th and 29th of September 2017, immediately following the parliamentary elections in Germany, is the right time to take stock of what has transpired over the year and, at the same time, to look at what is ahead and explore issues and themes such as the following:
"Towards a Capital Market Union: Asset Based Finance – Quality in the Credit Cycle" – the main theme of the TSI Congress 2017 at the Berlin Radisson BLU Hotel on 28 and 29 September 2017 (Thursday/Friday!) captures the spirit of our time.
TSI Congress 2017 ... where the community meets!