Kaupthing flies the flag for covered bonds

Eirikur Jensson, head of funding at Arion Bank in Iceland, formally Kaupthing Bank, talked to The Cover about the bank’s restructuring. In the context of regulations that oblige the bailing in of senior unsecured investors, potentially within the next three years, its case history argues strongly in favour of the covered bond asset class, irrespective of whether there is a legal framework or not.