Basel III ensures bid for covered bonds
Today’s release of the final version of Basel III has been broadly welcomed by covered bond specialists, who note that there are no major changes compared to the last draft which has always been favourable to covered bonds, which Mauricio Noé, head of covered and senior bond origination at Deutsche bank, said are “the only bank funding instrument in the liquidity buffers.”
This is a very positive result for the product. It means we can expect a sizeable and sustainable bid from banks going forward, translating to improved liquidity and higher standards which will benefit all holders of the asset class. It also represents a catalyst to true globalisation of
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