Moody’s are thrilled to bring an in-person Credit Trends event to Belgium in 2024. Join us to take the local view of global credit markets and gain unique insights into defaults.
Agenda
Registration & Networking
Keynote Fireside Chat
- Economic competitiveness of Europe
- Upside and downside risks to the macro outlook, including geopolitical risks and climate change
- Macroeconomic outlook: economic growth, inflation, labour market resilience, impact of higher-for-longer interest rates
- Health of the public finances in Europe
- Execution and impact of NGEU
- SGP reform
Default & Rating Trends
Networking and Coffee Break
Credit Conditions
- Implications of Higher-for-Longer Interest Rates
- 2024 sector outlook for Corporates, Banking and Structured Finance.
- How will issuers cope with structural shifts?
AI & Cyber
- AI and Impact on Credit Quality
- Reference to the EU AI Act
- Generative AI and impact on cyber security and credit quality
Networking and Coffee
Event Close
Venue Details:
Venue Name: Hotel Amigo, Brussels
Address: Rue de l'Amigo 1, 1000 Bruxelles, Belgium
The Credit Trends 2024 series will cover APAC (virtual), North America (virtual), UK, France, Belgium, Netherlands, Spain, Denmark, Italy, Germany, Switzerland and Sweden. Please click the links for more information on these separate events.
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Sarah has been the lead analyst for most countries in the European Union, and is also a former lead analyst for the United States. She is currently the lead analyst for France and Italy, among other European countries. She is also one of the Sovereign Risk Group’s global spokespeople.
She joined Moody’s in 2009 after completing a Sloan Fellowship at the London Business School. Prior to this academic sabbatical, she spent seven years at the Financial Services Authority in London where she headed the regulator’s Risk Analysis area and acted as its chief macroeconomist. Before joining the FSA, she worked in Dun & Bradstreet’s Economic Analysis Group for six years, where she was the organisation’s Deputy Chief Economist.
She holds an MA in European Studies (with a concentration in Economics and Finance) from the Elliott School of International Affairs at the George Washington University in Washington, DC and an AB with a double major in Government and History from Dartmouth College in Hanover, New Hampshire in the United States. She is a CFA Charterholder and is co-chair of the Macroeconomic Committee of the CFA Society France. She is a dual citizen of the United Kingdom and the United States and is based in Paris.
Sarah has been the lead analyst for most countries in the European Union, and is also a former lead analyst for the United States. She is currently the lead analyst for France and Italy, among other European countries. She is also one of the Sovereign Risk Group’s global spokespeople.
She joined Moody’s in 2009 after completing a Sloan Fellowship at the London Business School. Prior to this academic sabbatical, she spent seven years at the Financial Services Authority in London where she headed the regulator’s Risk Analysis area and acted as its chief macroeconomist. Before joining the FSA, she worked in Dun & Bradstreet’s Economic Analysis Group for six years, where she was the organisation’s Deputy Chief Economist.
She holds an MA in European Studies (with a concentration in Economics and Finance) from the Elliott School of International Affairs at the George Washington University in Washington, DC and an AB with a double major in Government and History from Dartmouth College in Hanover, New Hampshire in the United States. She is a CFA Charterholder and is co-chair of the Macroeconomic Committee of the CFA Society France. She is a dual citizen of the United Kingdom and the United States and is based in Paris.
Jorge R. Valez is a Senior Vice President at Moody’s Sovereign Risk Group based in London. He serves as lead analyst for a portfolio of sovereigns and multilateral development banks in the EMEA region. He is also a global lead in analytical projects aimed at supporting rating accuracy and thought leadership across sovereign credit risks.
Jorge joined Moody’s in 2014 in the Financial Institutions Group. He also worked at Credit Strategy and Research leading the team responsible for banking projections and stress tests globally, as well as foundational research on ratings and capital markets.
Prior to joining Moody’s, Jorge worked for a bank as a macroeconomist responsible for forecasting and scenario analysis, and as a university lecturer in Macroeconomics and Econometrics.
Jorge is a PhD in Econometrics and holds degrees in Economics and in Business Administration.
Jorge R. Valez is a Senior Vice President at Moody’s Sovereign Risk Group based in London. He serves as lead analyst for a portfolio of sovereigns and multilateral development banks in the EMEA region. He is also a global lead in analytical projects aimed at supporting rating accuracy and thought leadership across sovereign credit risks.
Jorge joined Moody’s in 2014 in the Financial Institutions Group. He also worked at Credit Strategy and Research leading the team responsible for banking projections and stress tests globally, as well as foundational research on ratings and capital markets.
Prior to joining Moody’s, Jorge worked for a bank as a macroeconomist responsible for forecasting and scenario analysis, and as a university lecturer in Macroeconomics and Econometrics.
Jorge is a PhD in Econometrics and holds degrees in Economics and in Business Administration.
David Beadle joined Moody’s in 2014 and covers retail industry credits in the UK and Western Europe as a Vice President – Senior Credit Officer in the EMEA Corporate Finance Group in London. He covers a number of UK retailers, including the grocers, Tesco and Wm Morrison, fuel forecourt operator Euro Garages, and fashion businesses, House of Fraser, Matalan and New Look. His coverage also includes French, German and Dutch issuers. Prior to joining Moody's David had spent more than 15 years as a credit analyst and portfolio manager in the City, most recently with international specialist banking and asset management group, Investec.
Olivier Panis is an Associate Managing Director in the EMEA Financial Institutions Group based in Paris, covering a portfolio of European Global Investment Banks (GIBs) and other banks in France and Benelux.
Olivier joined Moody’s in Dubai in 2013 where he assumed responsibility for a portfolio of financial institutions in the Gulf Cooperation Countries (GCC) and North Africa. Prior to joining Moody’s in 2013, he was heading the Portfolio Management team for Corporate Banking Emerging Markets at Barclays. He started his career as a financial analyst at the French Ministry of Finance in Paris. Olivier Panis holds a MSc in Economics from the Université PARIS I (Sorbonne).
Sean Marion heads up Moody’s EMEA Structured Finance Group, based in London. He is responsible for overseeing both primary issuance and surveillance functions for Consumer Assets, Corporate Assets and Covered Bonds, with teams based in London, Frankfurt, Paris, Madrid and Milan.
Prior to joining the Structured Finance Group he was a London-based Managing Director in the Financial Institutions Group, responsible for ratings coverage in the Nordics, Baltics, South-Eastern Europe and emerging markets in the Middle East and Africa.
Before relocating to London in 2011, Mr. Marion held various positions of progressive responsibility in Moody’s, including working in the firm’s offices in Mexico City and Toronto. Before joining Moody’s, Mr. Marion worked for The Economist Intelligence Unit, conducting research on macroeconomic and country risk. Mr. Marion holds graduate degrees in economics from the Université Paris I (Sorbonne) and the London School of Economics. He also holds an undergraduate degree from Bishop’s University, Canada. Mr. Marion is fluent in French and Spanish.
Fabian Astic serves on Moody’s Ratings Senior Leadership Team as Managing
Director and Global Head of Decentralized Finance & Digital Assets, Cyber Credit Risk,
and AI Analytics. He leads the group responsible for the rating agency’s preparedness
for the digitalization of the global economy, driven by transformative technologies
like AI and blockchain. Specific areas of focus for the group include analytics and
research, market and policy development, and process, data, and technology.
Fabian is widely recognized for his expertise in both traditional finance and digital
finance, often speaking at high-profile industry conferences and contributing to
leading trade association events and podcasts. He serves on the Digital Asset Markets
Subcommittee of the U.S. Commodity Futures Trading Commission’s Global Markets
Advisory Committee, which focuses on digital finance and asset tokenization, and on
the board of QuantCube Technology, an AI company providing predictive analytics
and economic forecasts from alternative data. Additionally, he is the Secretary of the
board of the Hetrick-Martin Institute, a Moody’s partner, which supports LGBTQ
youth. In 2018, Fabian was named as one of Business Equality Magazine’s “40 LGBTQ
Leaders Under 40.”
Prior to his current role, Fabian established and led the group responsible for
developing quantitative models and analytical tools used in Moody’s rating process, as
well as innovation activities, including advanced capabilities in machine learning and
artificial intelligence.
Since joining Moody’s in 2006, Fabian has held roles in Credit Policy Research and the
Structured Finance Group, analyzing various structured credit products and
contributing to rating methodologies.
Fabian holds a Ph.D. in Applied Mathematics with a focus on Mathematical Finance,
as well as a Master’s Degree in Mathematics Applied to Economic Sciences and a
Bachelor’s Degree in Applied Mathematics and Social Sciences from Université Paris
Dauphine. He also holds a Master’s Degree in Science and Executive Engineering from
the Ecole des Mines de Paris, where he specialized in Quantitative Finance
Leroy Terrelonge is a Vice President – Senior Analyst in the Moody's Ratings Cyber Risk Group, where he is responsible for creating and executing a cyber-risk analytics and research agenda. He works collaboratively with stakeholders across Moody’s to build cyber datasets and publish timely and relevant research on cyber risk and its impact on financial performance.
Leroy has more than 20 years of risk experience working in government, international education, tech startups and corporates. Prior to joining Moody’s, Leroy led a team of analysts at Flashpoint, a threat intelligence company that researches cyber criminal communities, and previously worked as an analyst at the National Security Agency.
He has been cited in both domestic and international media on cyber risk issues and has presented at cybersecurity conferences around the world. Leroy graduated from the Fletcher School of Law and Diplomacy with a Masters in International Business and holds an A.B. in Near Eastern Languages and Civilizations cum laude from Harvard University. He also served as a Princeton-in-Asia fellow in Almaty, Kazakhstan.
Dea leads Forefront Advisers’ political risk products in Digital Assets and Emerging Technologies. She joined Forefront having grown and led the digital assets client portfolio for FTI Consulting Brussels. Dea relocated back to Europe after her post in the Monetary Authority of Singapore, where she developed innovation programmes and infrastructure in the MAS Financial Technology and Innovation Group. She was also Head of Programmes for Innovate Finance, the UK FinTech trade association. Dea holds MSc Financial Regulation from the London School of Economics.
Sarah has been the lead analyst for most countries in the European Union, and is also a former lead analyst for the United States. She is currently the lead analyst for France and Italy, among other European countries. She is also one of the Sovereign Risk Group’s global spokespeople.
She joined Moody’s in 2009 after completing a Sloan Fellowship at the London Business School. Prior to this academic sabbatical, she spent seven years at the Financial Services Authority in London where she headed the regulator’s Risk Analysis area and acted as its chief macroeconomist. Before joining the FSA, she worked in Dun & Bradstreet’s Economic Analysis Group for six years, where she was the organisation’s Deputy Chief Economist.
She holds an MA in European Studies (with a concentration in Economics and Finance) from the Elliott School of International Affairs at the George Washington University in Washington, DC and an AB with a double major in Government and History from Dartmouth College in Hanover, New Hampshire in the United States. She is a CFA Charterholder and is co-chair of the Macroeconomic Committee of the CFA Society France. She is a dual citizen of the United Kingdom and the United States and is based in Paris.
Olivier Panis is an Associate Managing Director in the EMEA Financial Institutions Group based in Paris, covering a portfolio of European Global Investment Banks (GIBs) and other banks in France and Benelux.
Olivier joined Moody’s in Dubai in 2013 where he assumed responsibility for a portfolio of financial institutions in the Gulf Cooperation Countries (GCC) and North Africa. Prior to joining Moody’s in 2013, he was heading the Portfolio Management team for Corporate Banking Emerging Markets at Barclays. He started his career as a financial analyst at the French Ministry of Finance in Paris. Olivier Panis holds a MSc in Economics from the Université PARIS I (Sorbonne).
Sarah has been the lead analyst for most countries in the European Union, and is also a former lead analyst for the United States. She is currently the lead analyst for France and Italy, among other European countries. She is also one of the Sovereign Risk Group’s global spokespeople.
She joined Moody’s in 2009 after completing a Sloan Fellowship at the London Business School. Prior to this academic sabbatical, she spent seven years at the Financial Services Authority in London where she headed the regulator’s Risk Analysis area and acted as its chief macroeconomist. Before joining the FSA, she worked in Dun & Bradstreet’s Economic Analysis Group for six years, where she was the organisation’s Deputy Chief Economist.
She holds an MA in European Studies (with a concentration in Economics and Finance) from the Elliott School of International Affairs at the George Washington University in Washington, DC and an AB with a double major in Government and History from Dartmouth College in Hanover, New Hampshire in the United States. She is a CFA Charterholder and is co-chair of the Macroeconomic Committee of the CFA Society France. She is a dual citizen of the United Kingdom and the United States and is based in Paris.
Jorge R. Valez is a Senior Vice President at Moody’s Sovereign Risk Group based in London. He serves as lead analyst for a portfolio of sovereigns and multilateral development banks in the EMEA region. He is also a global lead in analytical projects aimed at supporting rating accuracy and thought leadership across sovereign credit risks.
Jorge joined Moody’s in 2014 in the Financial Institutions Group. He also worked at Credit Strategy and Research leading the team responsible for banking projections and stress tests globally, as well as foundational research on ratings and capital markets.
Prior to joining Moody’s, Jorge worked for a bank as a macroeconomist responsible for forecasting and scenario analysis, and as a university lecturer in Macroeconomics and Econometrics.
Jorge is a PhD in Econometrics and holds degrees in Economics and in Business Administration.
Sean Marion heads up Moody’s EMEA Structured Finance Group, based in London. He is responsible for overseeing both primary issuance and surveillance functions for Consumer Assets, Corporate Assets and Covered Bonds, with teams based in London, Frankfurt, Paris, Madrid and Milan.
Prior to joining the Structured Finance Group he was a London-based Managing Director in the Financial Institutions Group, responsible for ratings coverage in the Nordics, Baltics, South-Eastern Europe and emerging markets in the Middle East and Africa.
Before relocating to London in 2011, Mr. Marion held various positions of progressive responsibility in Moody’s, including working in the firm’s offices in Mexico City and Toronto. Before joining Moody’s, Mr. Marion worked for The Economist Intelligence Unit, conducting research on macroeconomic and country risk. Mr. Marion holds graduate degrees in economics from the Université Paris I (Sorbonne) and the London School of Economics. He also holds an undergraduate degree from Bishop’s University, Canada. Mr. Marion is fluent in French and Spanish.
Leroy Terrelonge is a Vice President – Senior Analyst in the Moody's Ratings Cyber Risk Group, where he is responsible for creating and executing a cyber-risk analytics and research agenda. He works collaboratively with stakeholders across Moody’s to build cyber datasets and publish timely and relevant research on cyber risk and its impact on financial performance.
Leroy has more than 20 years of risk experience working in government, international education, tech startups and corporates. Prior to joining Moody’s, Leroy led a team of analysts at Flashpoint, a threat intelligence company that researches cyber criminal communities, and previously worked as an analyst at the National Security Agency.
He has been cited in both domestic and international media on cyber risk issues and has presented at cybersecurity conferences around the world. Leroy graduated from the Fletcher School of Law and Diplomacy with a Masters in International Business and holds an A.B. in Near Eastern Languages and Civilizations cum laude from Harvard University. He also served as a Princeton-in-Asia fellow in Almaty, Kazakhstan.
David Beadle joined Moody’s in 2014 and covers retail industry credits in the UK and Western Europe as a Vice President – Senior Credit Officer in the EMEA Corporate Finance Group in London. He covers a number of UK retailers, including the grocers, Tesco and Wm Morrison, fuel forecourt operator Euro Garages, and fashion businesses, House of Fraser, Matalan and New Look. His coverage also includes French, German and Dutch issuers. Prior to joining Moody's David had spent more than 15 years as a credit analyst and portfolio manager in the City, most recently with international specialist banking and asset management group, Investec.
Fabian Astic serves on Moody’s Ratings Senior Leadership Team as Managing
Director and Global Head of Decentralized Finance & Digital Assets, Cyber Credit Risk,
and AI Analytics. He leads the group responsible for the rating agency’s preparedness
for the digitalization of the global economy, driven by transformative technologies
like AI and blockchain. Specific areas of focus for the group include analytics and
research, market and policy development, and process, data, and technology.
Fabian is widely recognized for his expertise in both traditional finance and digital
finance, often speaking at high-profile industry conferences and contributing to
leading trade association events and podcasts. He serves on the Digital Asset Markets
Subcommittee of the U.S. Commodity Futures Trading Commission’s Global Markets
Advisory Committee, which focuses on digital finance and asset tokenization, and on
the board of QuantCube Technology, an AI company providing predictive analytics
and economic forecasts from alternative data. Additionally, he is the Secretary of the
board of the Hetrick-Martin Institute, a Moody’s partner, which supports LGBTQ
youth. In 2018, Fabian was named as one of Business Equality Magazine’s “40 LGBTQ
Leaders Under 40.”
Prior to his current role, Fabian established and led the group responsible for
developing quantitative models and analytical tools used in Moody’s rating process, as
well as innovation activities, including advanced capabilities in machine learning and
artificial intelligence.
Since joining Moody’s in 2006, Fabian has held roles in Credit Policy Research and the
Structured Finance Group, analyzing various structured credit products and
contributing to rating methodologies.
Fabian holds a Ph.D. in Applied Mathematics with a focus on Mathematical Finance,
as well as a Master’s Degree in Mathematics Applied to Economic Sciences and a
Bachelor’s Degree in Applied Mathematics and Social Sciences from Université Paris
Dauphine. He also holds a Master’s Degree in Science and Executive Engineering from
the Ecole des Mines de Paris, where he specialized in Quantitative Finance
Dea leads Forefront Advisers’ political risk products in Digital Assets and Emerging Technologies. She joined Forefront having grown and led the digital assets client portfolio for FTI Consulting Brussels. Dea relocated back to Europe after her post in the Monetary Authority of Singapore, where she developed innovation programmes and infrastructure in the MAS Financial Technology and Innovation Group. She was also Head of Programmes for Innovate Finance, the UK FinTech trade association. Dea holds MSc Financial Regulation from the London School of Economics.