US market gets Washington push
A covered bond market in the US came a step closer this week, with a hearing on Tuesday focused on the asset class in the House Financial Services Committee in Washington, DC. Democrat and Republican committee members, and witnesses testifying at the hearing, welcomed the drive to establish a US covered bond market, highlighting the contribution the asset class could make towards reviving and growing the country’s private mortgage market. Read EuroWeek this Friday for more on the hearing.
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