Q1 – Romke, thank you for taking the time to speak with us. Please tell our readers a little bit about yourself and your experience
Within DCM I am currently globally responsible for the execution and structuring of capital instruments, like hybrids and liability management transactions for Corporates and Financial Institutions.
In my previous role I was Head of ING Group Capital Strategies for Capital Management. In this position I was responsible for the capital planning of ING Group and Bank, including the structuring and issuance of many capital instruments in the Capital Markets. Prior to that I was Head of Corporate Treasury of ING Group starting in 2008 and apart from regular bond issuance heavily involved in the 10 bn. state aid, the7.5 bn. rights issue and the restructuring of ING required by the EC.
We asked Romke several informal questions and discovered Romke…
- Receives on average 150 emails per day!
- Enjoys linguini with clams and Barolo
- Rates his memory a 7 out of 10
- Would take his race bicycle, skies and a box of wine to a deserted island if only allowed to take three items
Q2 – We are looking forward to your attendance at the TLAC & MREL 2017 Summit in London across 25-26 April. You will be presenting on regulatory requirements for resolution planning. What approaches must banks take for planning and structures, and how can banks adapt across subsidiaries?
Banks should envisage all angles for the right resolution stragety, lie tax, legal , cost and governance impact. Especially banks with subsidiaries in different jurisdictions should contemplate a well thought overall resolution strategy which fits on a consolidated but also solo basis.
Q3 – What are the key differences between stand alone and group resolution entity reporting?
The key differences between stand alone and group resolution entity reporting are the local requirements and intra group relationships
Q4 – We are also looking forward to the panel discussion that you are featured on to discuss internal TLAC and MREL requirements and overcoming regulatory uncertainties across jurisdictions. What key topics do you expect to be at the forefront of the conversation?
I would expect the panellists to discuss the requirements by the local regulators and key T&Cs for Internal MREL / TLAC contracts. Another point of interest which the audience may well ask us questions on, would be the uncertainty of the regulation. The FSB has only recently sent out a consultation paper. Lastly I would be interested in raising the consequences of an overall higher internal TLAC/MREL requirements vs the external
Q5 – What key challenges do you foresee for capital management professionals and teams over the next six to 12 months?
I foresee many challenges. Three key challenges that stand out to me are firstly the amount of issuance, secondly the regulatory clarity on the terms – and the amount! Finally will there be an agreement between the regulators in the different jurisdictions.
