Balanced limits key to US covered growth

Ronald Reagan once famously declared: “There are no such things as limits to growth, because there are no limits on the human capacity for intelligence, imagination and wonder.” Covered bond issuers and regulators at the Euromoney US Covered Bond Investor Forum in New York last week may not be as unconstrained in their hyperbole as the former US president and star of hit film Bedtime for Bonzo, but they enthused how covered bonds could grow in the face of regulatory limits and their interaction with retail depositors.