Changes in Canada? We have you covered

Issuance of Canadian covered bonds is set to slow as local borrowers wait for new legislation before returning to the capital markets. Treasury officials from Bank of Montreal, Toronto Dominion, Canadian Imperial Bank of Commerce and Royal Bank of Canada gathered at a roundtable event in Toronto in June to talk about prospective changes to the Canadian covered bond market and give their consideration to the possibility of SEC or 3(a)(2) registration.