SoFFin extension could smother Pfandbrief revival
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SoFFin extension could smother Pfandbrief revival

The Association of German Pfandbrief banks (VdP) is right to oppose the likely introduction of longer-maturity SoFFin guarantees for senior unsecured bank bonds. The Pfandbrief market is hardly setting the funding market alight, but there are sparks of life that the latest proposals threaten to extinguish.

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