This year's TSI Congress, which will be held for the 14th time on 1 and 2 October 2020, reflects the multitude of current topics, opportunities and challenges. With the title ’Asset Based Finance 4.0 - Sustainable Financing of Structural Change in the Real and Financial Economy’, we will be opening up the space for targeted and groundbreaking discussions in the run-up to and during the congress.
The Congress will be opened by the key note speech of Dr Jörg Kukies, State Secretary in the German Federal Ministry of Finance, about ’Managing Disruption – Effects of digitalisation, ESG and central bank policy on banks and the financing of the real economy’.
In 2020 we entered a decade in which the term ’disruptive change’ is acquiring more tangible content than ever before: The economic and technological upheaval is in full swing; in the real economy the agenda is shaped by the increasing digitalisation of the car and new mobility services, the imminent change from the combustion engine to the electric motor as well as the necessary and politically driven transition of industry and the economy to CO2 neutrality. In this context, the financial sector has the task of providing the corresponding financing flows under the heading ’Sustainable Finance’.
And even beyond the developments in the real economy, the financial sector itself is facing major upheavals driven by the use of new technologies, central bank policy, progressive regulation and the associated changes in the financial and capital markets. These changes will not leave the securitisation market unaffected. Blockchains, crypto currencies, new providers such as fintechs, credit funds and marketplace lending platforms are changing the playing field for banks, as are negative interest rates and new regulations.
It is precisely these topics that will occupy us more in 2020 as a fundamental structural change in the real and financial economy is spreading, the scope and speed of which are reminiscent of the great historical upheavals of the past. We believe that securitisation and asset-based finance solutions will become increasingly important in the coming paradigm shift in the economy and the financial world.
All these predicted developments characterise the environment in which we will be operating in 2020, and which may even be exacerbated by an economic downturn. In such turbulent times, exchange and dialogue is more important than ever. The beginning of October 2020 is therefore certainly the right time to analyse the ongoingtransformation, to draw a preliminary conclusion and, moreover, to set the stage for further development.