Czech covered law update to spur supply
The Czech Republic has proposed several legal amendments that will bring its existing covered bond regime into line with the European Banking Authority’s best practice guidelines and which, along with similar moves in Slovakia, will help catalyse new covered bond supply from the region.
The Czech Republic proposed the amendments to its covered bond framework in March and they are expected to take effect in January.
The amendments are being legislated in conjunction with updates on two other related laws on insolvency and crisis management. The scope of these amendments are broadly similar
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